Sabathia Signs Extension to Remain With Yankees
CC Sabathia avoided tricks with the New York Yankees and instead took his treat of a contract extension through 2016 on Halloween night.
Sabathia's 4 year $92 million deal now becomes a deal of 5 years and $122 million, essentially adding one more year and $30 million onto his existing deal. This deal will pay him $25 million on the final year in 2016, with a vesting option for $25 million in 2017 with a $5 million buyout based on the condition of his shoulder, this according to ESPN's baseball writer Buster Olney. If Sabathia stays off of the disabled list for less than 45 days in 2016, then he will qualify for that option in 2017.
My goal the whole time was to be able to finish out my career as a Yankee. I look forward to seeing everybody out at the ballpark next year. - Yankees ace CC Sabathia-
In addition to the extra year and cash, Sabathia also picks up additional perks such as a hotel suite during road trips, a no-trade clause, and the right to buy tickets.
CC is the ace of our pitching staff, a leader in our clubhouse and a driving force for the Yankees in our community. He is exactly the type player and person that Yankees fans and this organization can be proud of. We are excited that he will be wearing the pinstripes for many years to come. - New York Yankees GM Brian Cashman-