Wednesday Dec. 10, 2008
LAS VEGAS (AP) — CC Sabathia and the New York Yankees agreed Wednesday on the framework for a $161 million, seven-year contract, the richest for a pitcher in baseball history.
The Yankees and Sabathia's agents still need to work out all the details, a baseball official familiar with the talks told The Associated Press on Wednesday. The person spoke on condition of anonymity because the deal has not been completed and the pitcher must pass a physical. Sabathia has the right to opt out after three seasons and become a free agent again.
"I'm sure every team in baseball would love to have him. He's a guy who's an intimidating factor on the mound," Yankees captain Derek Jeter said at the winter meetings.
Yankees general manager Brian Cashman left Las Vegas on Tuesday for a quick trip to the pitcher's home in the San Francisco area, sparking the final stages of negotiations. "There's a lot of layers in the process, Until that process is completed I'm kind of prevented from saying too much," Cashman said. "Legally I've got to protect myself. And, you know, you're never done until you're done, and so, we're not done."
Cashman made a six-year offer to the former AL Cy Young Award winner on Nov. 14, the first possible day to negotiate with free agents, and met with Sabathia in Las Vegas on Sunday and Monday. He had told the pitcher's agents that it would be helpful, he was willing to travel to meet with the Sabathia and his family in California.