Yankees Closer to Signing Cody Bellinger? Mets Back Out, Blue Jays & Phillies Unlikely (2026)

Here’s a shocking twist in the Cody Bellinger saga that could reshape the MLB landscape: The Mets just did the Yankees a massive favor, and it might cost them nothing. But here’s where it gets controversial—did the Mets really back out, or are they playing a deeper strategic game? Let’s dive in.

The Yankees entered the offseason with a bold plan: secure free agent outfielder Cody Bellinger, despite lingering doubts about his return. Their strategy? Make a substantial offer, but don’t overpay. Over the past few weeks, optimism grew, even as Bellinger’s camp countered their two proposals with demands for an additional $100 million and two more seasons. The Yankees’ final offer—five years, $160 million—was their best and, they believed, fair. Yet, there was always the looming specter of Scott Boras, Bellinger’s agent, notorious for dragging negotiations to drive up prices.

And this is the part most people miss: The Mets, with owner Steve Cohen’s staggering $21 billion net worth (triple that of the Yankees’ Hal Steinbrenner), have historically turned these negotiations into New York bidding wars—like last offseason when they outbid the Yankees for Juan Soto. But in a surprising turn, the Mets seemingly dropped out late Tuesday, opting to trade for Luis Robert Jr. instead of engaging in another high-stakes battle. Robert, a 28-year-old slugger with a history of injuries, is a cheaper, riskier bet than Bellinger, but he’s also a proven talent with a 38-homer, 20-steal season in 2023.

Here’s the controversial question: Did the Mets genuinely step back, or are they setting the stage for a future move? By acquiring Robert, they addressed their outfield needs without breaking the bank, leaving the Yankees as Bellinger’s most viable option—unless a mystery team emerges. Speaking of which, the Blue Jays and Phillies were rumored contenders, but both appear to have shifted focus. The Jays, reeling from losing Kyle Tucker to the Dodgers, could still make a play for Bellinger, especially after their World Series heartbreak. Meanwhile, the Phillies, after re-signing key players, seem content with their roster.

The Yankees, however, have held firm. They’ve made their offer and are prepared to walk away if necessary, confident in their backup plan: second-year talent Jasson Dominguez. But with the Mets, Phillies, and Jays seemingly out, Bellinger’s return to the Yankees feels inevitable—unless, of course, Boras has another trick up his sleeve.

What do you think? Did the Mets truly back out, or are they playing the long game? And is Bellinger worth the Yankees’ $160 million offer? Let us know in the comments—this debate is far from over.

Yankees Closer to Signing Cody Bellinger? Mets Back Out, Blue Jays & Phillies Unlikely (2026)
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