WHAT IT MEANS: CC Sabathia will be a Yankee until 2016 and maybe until 2017. He will have the highest AAV (Average Annual Value) of any starting pitcher in the history of the game, beating out Cliff Lee's $24 million per season. Sabathia's is for slightly over $24 million.
WHY IT HAPPENED: Both sides were motivated to get a deal done. Sabathia, 31, has professed his love for New York and did not want to have the drama of free agency. The Yankees desperately wanted to keep Sabathia and did not want their whole offseason sabotaged by waiting on a decision with Sabathia. The two sides negotiated to close to the deadline because they wanted each other.
In the end, both sides had to give a little to get the desired outcome. The Yankees are probably paying a little more in years and money than they wanted, while Sabathia could have tested the market and still come back to the Yankees.
WHAT IS NEXT: The Yankees will now try to add another starter to their rotation. The options are C.J. Wilson, Yu Darvish, Mark Buehrle, Roy Oswalt, among others.
QUESTION OF THE NIGHT: What do you think of the CC's staying? Have at it.