The Yankees have confirmed that they've re-signed CC Sabathia to a one-year deal.
Mark Feinsand of MLB.com reports that it's $10 million with performance bonuses for innings pitched.
Sabathia, 37, went 14-9 with a 3.69 ERA in 27 starts with the Yankees last year, striking out 120 batters in 148 2/3 innings. In four postseason starts, he went 1-1 with a 2.37 ERA.
"There were very competitive offers out there that really made CC take his time," Kyle Thousand, Sabathia's agent, told Joel Sherman of NY Post. "In the end, he feels there's unfinished business to attend to. Loves his teammates, clubhouse and the moves the Yankees are making this offseason. Wanted to come back for his 10th season with the New York Yankees."
The LHP has been with the Yankees since 2009.
After proving he had enough in the tank for another season with his performance in 2017, especially during the postseason, Sabathia was more or less a no-brainer re-signing for the Yankees. Despite Sabathia meeting with the Angels and Blue Jays last week, this deal happening just seemed like a matter of time.
Sabathia at this price point and contract term represents a fine backend of the rotation starter that does not hamstring the Yankees' future. The Yankees will likely continue to handle Sabathia in this way until he demonstrates he cannot succeed or he decides to retire in the same mold as they created with Andy Pettitte.
Sabathia's experience and stature in the Yankees clubhouse is virtually as valuable as he will be logging five to six innings per start in 2018. Sabathia's presence may be even more important to aiding Aaron Boone in his transition as the club's manager.
While Sabathia rounds out the five starters the Yankees concluded the 2017 season with - Sonny Gray, Jordan Montgomery, Luis Severino and Masahiro Tanaka - it will not preclude them from their pursuit of another starter via trade. Nailing down Sabathia's contract value does help to understand the club's finances better, in that they know how much more they can spend in order to stay under the luxury tax whether it be through trades or free agent signings.