CC Sabathia Stays with Yanks, Signs 5-Year, $122m Deal

Yankees pitcher CC Sabathia took to the Internet on Monday night at 7:23pm, Tweeting that he’d officially reached a new contract agreement to remain in pinstripes for the next five years.

The 31-year-old southpaw had until midnight on Monday to opt out of his current agreement, which had $92 million remaining over the next four years in $23 million annual salaries.

According to SI.com, Sabathia’s new deal guarantees him another $30 million on a one-year extension through 2016, as well as a vesting club option for $25 million with a $5 million buyout for the 2017 season.

“My goal the whole time was to be able to finish my career as a Yankee,” Sabathia said in a video accompanying his news-breaking Twitter post. “I look forward to seeing everybody out at the ballpark next year.”

CC, the 2007 AL Cy Young Award winner, has a career record of 176-96 with a 3.51 ERA over 11 major league seasons. For the Yankees, Sabathia has gone 59-23 with a 3.18 earned run average over the past three seasons and led the American League in wins in 2009 and 2010.

“CC is the ace of our pitching staff, a leader in our clubhouse,” Yankees General Manager Brian Cashman said in a statement. “He is exactly the type player and person that Yankees fans and this organization can be proud of.”

Check out CC Sabathia’s contract extension announcement video below: