After rumors of opting out from his contract yesterday with the New York Yankees, lefty ace CC Sabathia announced he's coming back to the Yankees, via Twitter. Sabathia agreed to a contract extension, reports ESPN's Buster Olney.
Sabathia's contract extension - 1-year, $25 m. for 2016, and a $5 million buyout. Total guaranteed, five years, $122 m.. $25m option '17
The southpaw posted a video you can view here.
CC Sabathia has decided against opting out of his current contract with the Yankees, a decision that comes as a surprise to many in the industry. However, CC has recently and often expressed his love for New York and the Yankees organization. Sabathia thanked the Steinbrenner family and said, "my goal the whole time was to be able to finish my career as a Yankee...I look forward to seeing everybody out at the ballpark next year."
Sabathia, 31, enjoyed a fantastic 2011 campaign. Once again pitching more than 230 innings, Sabathia posted a 3.00 ERA, 8.7 K/9, 2.3 BB/9, and will definitely finish top 3 in the AL Cy Young voting.