CC Sabathia Opts Not to Opt Out, and Brian Cashman Signs 3-Year Deal
By Tim Ryan
Last night the Yankees completed a contract extension with ace C.C. Sabathia, adding one guaranteed year and an additional $30MM and preventing him from opting out and reaching the open market. The new total is $122MM over five guaranteed years, with the $24.4MM average annual value representing a record for a pitcher. If Sabathia avoids a shoulder injury in 2016, a 2017 option will vest and the total will become $147MM over six years.
Or, as Darren Rovell might tell you, CC’s contract now has the potential to be worth up to 8,400,000 52 oz. bags of mixed mini candy bars.
Was anyone going to offer CC anything close to this on the open market? Doubtful. So of course it was an easy choice for the big fella (er, cow?) while at the same time endearing him to Yankee fans nationwide for being “loyal” rather than flirt with the competition.
Meanwhile, Brian Cashman officially re-upped with the Yankees earlier this morning for three more years of endless stress and few smiles. For the life of me, I still don’t recall seeing him anywhere during the World Series celebration in 2009. The dude probably went directly home and straight to bed. Can hardly blame the guy. In a sick way, I had kind of been hoping he would at least meet with the Red Sox once Theo Epstein left for Chicago in the interest of watching everyone freak out, but it was not to be. Oh well.
[via MLBTR]