Sabathia Opts to Stay in New York
CC Sabathia is back with the Yankees, even though he never left in the first place. With the deadline for his opt-out clause looming last night, the big left-hander and the team got together to hammer out a new contract extension that has a pretty good chance to keep him in pinstripes for the rest of his career. In the simplest of terms, here’s the money breakdown…
2012-2015: $23M per season
2016: $25M
2017: $25M vesting option with $5M buyout
The first four years are still covered by the original seven-year, $161M contract Sabathia signed with New York prior to the 2009 season. The 2016 season starts the new extension, and the 2017 vesting option is dependent on the health of his prized left shoulder. If shoulder problems cause him to a) finish the season on the DL, b) spend 45 days on the DL, or c) shift to a relief role during the 2016 season, the option is null and void. All told, the total package is worth five years and $122M, or $2M more than buddy Cliff Lee got from the Phillies last winter.
