Right-hander Luke Weaver is guaranteed $2 million as part of his one-year contract with the New York Yankees, a deal that includes a team option for 2025 and performance bonuses that allow him to earn up to $8.25 million over two seasons.

As part of the deal announced Friday, the Yankees hold a $2.5 million option for 2025. The option price could increase by $3.5 million based on innings: $500,000 for 100 and $1 million each for 120, 140 and 160.