Sabathia Signs Extension For Only $122 Million

[metirish]

Per the NYT



nytimes NYT NEWS ALERT: Sabathia Agrees to $122 Million Contract Extension With Yankees

[metirish]

The math here is a bit fuzzy.....he had four years left on his seven year $160 contract.....more info


The extension is being reported by ESPN's Buster Olney as being for $25 million in one year, 2016, on top of the final four years of his current contract. The new deal also includes a $25 million vesting option in 2017 and a $5 million buyout for that season. In total, the deal he will be paid $122 million guaranteed over the next five years, with the possibility of that number stretching to $147 million over six.

[metirish]

NEW YORK (AP) - CC Sabathia is staying with the New York Yankees, agreeing Monday to a new deal that adds $30 million to his existing contract.

Sabathia had until midnight to opt out of his current agreement, which had $92 million remaining over the next four years in $23 million annual salaries.

The new deal adds a $25 million salary for 2016 and gives the Yankees a $25 million option for 2017 with a $5 million buyout, a person familiar with the agreement told The Associated Press. The person spoke on condition of anonymity because the Yankees had not yet announced the deal.

[Ceetar]

was hoping for at least another guaranteed year.

Does he still have opt out years? One would presume right? since it's an "extension"?

[Guest John Cougar Lunchbucket]

2016 is the extra year at 25 mills (actually 30 with the buyout).

Congrats, fatty. Congrats, MFY fans.

[Fman99]

Seriously, that's a lot of White Castles. Good for him, I hope it blows up Darren Dreifort style in their stupid faces.