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Eovaldi, who turns 26 in February, was 14-3 with a 4.20 ERA in 27 starts for the Yankees in 2015, his first year in the Bronx. This marks his second time being arbitration-eligible, and he can become a free agent following the 2017 season.
Eovaldi owns a 29-38 career record and 4.10 ERA in 110 career appearances (106 starts) in five seasons with the Dodgers, Marlins and Yankees.
Cash Kruth is a reporter for MLB.com. Follow him on Twitter at @cashkruth. This story was not subject to the approval of Major League Baseball or its clubs.