The deal includes a player opt-out clause after the 2022 season.
Earlier reports pegged the value of the extension at $32
million.
Rizzo, 32, was acquired by the Yankees from the Chicago Cubs
before the trade deadline last year. He finished the season with
22 homers, 61 RBIs and a .248 batting average in 141 games.
Rizzo, a three-time All-Star and four-time Gold Glove winner,
played for the Cubs when they won the World Series in 2016,
posting 32 homers, 109 RBIs and batting .292 in 155 games during
the regular season.
In the World Series, he had one homer, five RBIs and a .360
batting average in seven games.
The previous season, also as a Cub, Rizzo led the National
League in games (160) and plate appearances (701).
For his 11-year career, Rizzo has 251 homers, 814 RBIs, a .268
batting average, a .369 on-base percentage and a .481 slugging
percentage.
--Field Level Media
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