Luke Weaver's contract: the financial breakdown of his latest MLB deal

Luke Weaver's contract: the financial breakdown of his latest MLB deal

In 2024, Luke Weaver's contract with the New York Yankees was a one-year, $2 million deal with a club option for 2025. Following his standout performance, the Yankees exercised the option, raising his salary to $2.5 million for the 2025 season. This move highlights the team’s confidence in Weaver and his growing importance on the pitching staff.

Luke Weave in action for the Cincinnati Reds. The baseball player looks on during an MLB game
Luke Weaver of the Cincinnati Reds delivers a pitch (L). The baseball player walks back to the dugout (R). Photo: Carmen Mandato, Vaughn Ridley (modified by author)
Source: Getty Images

TABLE OF CONTENTS

Key takeaways

  • Luke Weaver’s 2025 salary is $2.5 million after the Yankees exercised their club option, with additional earnings possible through performance-based incentives.
  • As of 2025, the New York Yankees’ pitcher has total career earnings estimated at around $15 million, built over nine seasons in Major League Baseball.
  • The professional baseball player has played in the MLB for the St. Louis Cardinals, Arizona Diamondbacks, Kansas City Royals, Cincinnati Reds, New York Yankees, and Seattle Mariners

Profile summary

Full name

Luke Allen Weaver

Nickname

Dream

Gender

Male

Date of birth

21 August 1993

Age

32 years old (as of 2025)

Zodiac sign

Leo

Place of birth

DeLand, Florida, United States

Current residence

New York City, New York, United States

Nationality

American

Ethnicity

White

Religion

Christianity

Sexuality

Straight

Height in feet

6’2”

Height in centimetres

188

Weight in pounds

180

Weight in kilograms

82

Hair colour

Dark brown

Eye colour

Brown

Mother

Merry Weaver

Father

Mark Weaver

Siblings

2

Marital status

Married

Partner

Olivia Weaver

Children

2

School

DeLand High School

College

Florida State University

Profession

Professional baseball player

Instagram

@dreamweava7

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Luke Weaver’s contract breakdown

According to Spotrac, Weaver signed a one-year major league deal worth $2 million in January 2024, which included a club option for the 2025 season. The contract also featured performance-based incentives that could raise his total earnings to as much as $8.25 million over two years if certain innings-pitched milestones were met.

After an impressive 2024 campaign, where he transitioned into the Yankees’ closer role and posted a 1.76 ERA in 15⅓ postseason innings, the team exercised his $2.5 million club option for 2025.

This guaranteed his place on the roster for the upcoming season and locked in his base salary, with additional bonuses still possible depending on his performance.

Luke Weaver in action for the New York Yankees against the Cleveland Guardians
Luke Weaver of the New York Yankees pitches during a game between the Cleveland Guardians and the New York Yankees at Yankee Stadium in New York, New York. Photo: Dustin Satloff
Source: Getty Images

Weaver has continued to build on that success in 2025, delivering dominant results with an ERA under 1.00 and racking up seven saves early in the season. American baseball manager Aaron Boone has publicly praised Weaver’s uptick in velocity and reliability on the mound, hinting at his importance as the Yankees’ primary closer moving forward.

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Given his strong performance, there is growing speculation that the Yankees may pursue a multi-year extension to keep him in New York beyond 2025. For now, Luke Weaver’s contract ensures he remains a crucial late-inning option for the Yankees, with the potential to earn more through incentives.

Luke Weaver’s career earnings and contract history

Before arriving in New York, Weaver played for several teams, including the St. Louis Cardinals, Arizona Diamondbacks, Kansas City Royals, Cincinnati Reds, and Seattle Mariners. His earlier contracts were generally short-term or arbitration-eligible deals.

Luke Weaver of the New York Yankees warms up before an MLB game
Luke Weaver of the New York Yankees pitches during a workout before the 2024 ALDS at Yankee Stadium in the Bronx borough of New York City. Photo: Luke Hales
Source: Getty Images

The professional baseball player has amassed an estimated $15 million in total career earnings, accumulated over a nine-year MLB career that began in 2014. Below is a look at his career journey, highlighting the teams he has played for and a breakdown of the earnings he has accumulated along the way.

Team

Years

Salary

Bonus/incentive

St. Louis Cardinals

4

$831,829

$1,843,000

Arizona Diamondbacks

4

$4,600,625

-

Kansas City Royals

1

$1,026,786

-

Cincinnati Reds

1

$2,000,000

-

New York Yankees

3

$4,573,549

$250,000

Seattle Mariners

1

$73,549

-

What lies ahead for Luke Weave

Although the baseball player remains under contract with the New York Yankees until the end of 2025, reports suggest he may leave once the deal expires. According to Sports Illustrated, writer Chris Landers even predicts that he could part ways with the team during the offseason. The writer said:

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The problem is that he's been so good, he might have priced himself out of what the Yankees are willing to pay to keep him. Maybe New York values him enough to beat back all comers, or maybe Weaver values staying with the team that helped oversee his transition from failed starter to star reliever. This is his chance to get paid, though, and that might lead him elsewhere.

FAQs

  1. What is Luke Weaver’s salary? His salary is $2.5 million, after the Yankees exercised their club option. Additionally, he earns from performance incentives.
  2. When did Luke Weaver sign with the Yankees? He signed with the Yankees on 19 January 2024, agreeing to a one-year, $2 million contract with a club option for 2025.
  3. How much has Luke Weaver earned in his MLB career? As of 2025, his total career earnings are estimated at around $15 million, accumulated over nine seasons in the MLB.
  4. Which teams has Luke Weaver played for in his career? He has played for several MLB teams, including the St. Louis Cardinals, Arizona Diamondbacks, Kansas City Royals, Cincinnati Reds, Seattle Mariners, and currently, the New York Yankees.
  5. What is Luke Weaver's velocity? According to Baseball Savant, his four-seam fastball averaged approximately 95 mph in 2024, with a topping-out speed of about 97 mph.
  6. Is Luke Weaver a free agent? No, Luke Weaver is not a free agent, as he is under contract with the New York Yankees for the 2025 season.
  7. What is Luke Weaver's contract prediction? Upon the expiry of his current contract, the New York Yankees may reportedly offer him a three-year, $39 million deal.

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Luke Weaver’s contract with the Yankees secures his place on the roster for the 2025 season. His salary, boosted by performance incentives, highlights his value as a dependable pitcher. With his consistent performances, a longer-term deal could soon be on the horizon.

Legit.ng recently published an informative article about NBA referees’ salaries. NBA referees earn impressive salaries for their role in maintaining fairness and order during games. Their pay varies based on experience, with seasoned officials making significantly more than rookies.

Currently, NBA referees earn base salaries ranging from $250,000 to $550,000 per year. Read this article to learn about their full salary breakdown and the key factors that determine how much each referee makes.

Proofreading by Kola Muhammed, copy editor at Legit.ng.

Source: Legit.ng

Authors:
Muhunya Muhonji avatar

Muhunya Muhonji (Lifestyle writer) Muhunya is a graduate of Agricultural Economics from Egerton University, Class of 2014, with a passion for storytelling and content creation. Since joining Legit.ng as a writer in July 2021, he has covered diverse topics such as entertainment, technology, business, and biographies. His journalism journey has seen him complete multiple professional courses, including the AFP Digital Investigation Techniques course (2023), the Google News Initiative course (March 2024), and Fact-Checking and Research training (September 2024). Email: muhunyah@gmail.com

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