The Yankees made a franchise-altering move at the winter meetings on Wednesday, re-signing AL MVP Aaron Judge to a nine-year, $360 million contract, according to The Athletic’s Ken Rosenthal. This is the largest contract in the Yankees’ history, but it had to be done if the Bombers wanted to retain Judge and keep their current World Series window open.
With Judge eschewing offers from the Giants and Padres and staying in the American League, there was some movement in the Yankees’ 2023 World Series odds. The Yankees had a spectacular regular season but saw their playoff dreams end in the ALCS against the Astros. New York is still one of the betting favorites to win the American League and a contender to win the World Series next season, but it would have been hard for them to compete without the 30-year-old superstar.
Below, we’ll look at how BetMGM’s World Series odds changed after the Yankees re-signed Judge.
Yankees World Series odds 2023: Before re-signing Aaron Judge
|Yankees odds to win 2023 World Series: 11/29/22||+900|
Heading into the offseason, the Yankees were considered one of the favorites to win the World Series next season at +900 (9/1). New York was one of the best teams in the majors last season, getting off to a fast start and going 64-28 in the first half. At the same time, Judge was off to a historic pace, hitting .284 with 33 home runs and 70 RBIs.
It was the perfect start for the All-Star slugger, who bet on himself after not signing an extension with New York ahead of opening day. The Yankees reportedly offered Judge a seven-year, $213.5 million contract, which he outplayed based on his first-half production. New York cooled off in the second half, going 35-35 in the final 70 games. However, it was still enough for the Yankees to win the AL East with a record of 99-63. Meanwhile, Judge was even better in the second half, slashing .349/.502/.785 with 29 home runs and 61 RBIs. The multiple-time All-Star finished the regular season with 62 home runs (American League record) and 131 RBIs
Yankees World Series odds 2023: After re-signing Aaron Judge
|Yankees odds to win 2023 World Series: 12/7/22||+850|
Even though they were already one of the favorites to win the World Series in 2023, the Yankees saw their odds slightly improve to +850 and are tied with the Blue Jays for the second-best odds (+500) to win the American League pennant.
With Judge back in the lineup for the foreseeable future, the Yankees will be in contention for a long time. However, if the Yankees want to maximize his window, they will need to add to their starting rotation, as veteran pitcher Jameson Tailon is a free agent. The good news for New York is they also re-signed first baseman Anthony Rizzo earlier this offseason, but they could use another bat in their lineup, as they only hit .241 as a team last season.
New York should not bank on Judge having another historic year in 2023, but they can hang their hat on him staying healthy and producing at the plate. After missing 142 games between ’18-20, Judge played 305 of 324 regular season games over the past two seasons. In ’21, Judge hit .287 with 39 home runs and 98 RBIs, which seems like his floor as long as he stays healthy.
Betting advice: With the Yankees re-signing Judge, it would not be a bad idea for bettors to put down a World Series wager. We know their odds will only shorten if they make another splash acquisition this offseason or get off to a fast start next season. As for their American League odds, bettors can wait to see how the rest of the offseason plays out. There are still several top free agents available who can swing a team’s postseason odds for better or worse. Nevertheless, the Yankees will be a contender in the AL and a team that will be there in October.