CC Sabathia Contract: Pitching Ace Opts to Stay with New York Yankees

Kate ConroySenior Analyst IINovember 2, 2011

NEW YORK - NOVEMBER 04:  C.C. Sabathia of the New York Yankees celebrates in the dugout with a copy of the New York Post after their 7-3 win against the Philadelphia Phillies in Game Six of the 2009 MLB World Series at Yankee Stadium on November 4, 2009 in the Bronx borough of New York City.  (Photo by Nick Laham/Getty Images)
Nick Laham/Getty Images

If you haven’t heard the good news, start spreading it, as CC Sabathia is staying a New York Yankee.

All it took was adding another year (with an option of adding a second) and $30 million increase.

Sabathia’s new contract, which supersedes the remaining four years and $92 million left on his original contract, is for five years and $122 million.

The 31-year-old lefty will earn $25 million in 2016, which is the last guaranteed year of the new contract, but there is a sixth year vesting option for another $25 million or a team buyout for $5 million, but that depends on health and other factors. So, ultimately Sabathia could rake in another $147 million in total.

Yankees fans are ecstatic about keeping their ace while avoiding any repeat of the drama that ensued from last year’s offseason.

This is not the outcome anyone expected after SI.com’s Jon Heyman reported Sabathia was definitely opting out and planned on becoming a free agent before Monday’s deadline.

Maybe in the future Heyman should check his anonymous source's credibility before making such declarations and sending Yankee Universe into a tailspin.

Well, I couldn’t be happier that Sabathia is staying put and you can bet that skipper Joe Girardi and GM Brian Cashman will sleep well tonight.

Sabathia took to Twitter to let Yankee fans know of his decision: "Yankee fans, I’ll be here fighting for number 28 next year!"