"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.
The option becomes guaranteed if Sabathia does not end the 2016 season on the disabled list because of a left shoulder injury, does not spend more than 45 days of 2016 on the DL with a left shoulder injury or does not make six or more relief appearances in 2016 because of shoulder issues. He retains a hotel suite on trips, a no-trade provision and the right to buy tickets."
I'd say that works out well for everybody involved, huh? CC essentially gets a 5-year guaranteed contract worth $122 million, making him once again the highest-paid pitcher in baseball annually, with the chance for it to be a 6-year/$142 million deal if he stays healthy and productive. The Yankees get the comfort of knowing they have their ace penciled in for at least the next 5 years while not being burdened with another risky long-term guaranteed contract. Credit to both sides for making this happen quickly and not turn into a big unnecessary storyline.
Now somebody hit the fucking music!