C. C. Sabathia inks a 5 year deal with the Yankees - KWWL - Eastern Iowa Breaking News, Weather, Closings

C. C. Sabathia inks a 5 year deal with the Yankees

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C. C. Sabathia  is staying with the New York Yankees after agreeing to a new deal that adds $30 million to his existing contract.

Sabathia had until midnight to opt out of his current contract, which had $92 million remaining over the next four years in $23 million annual salaries.

A person familiar with the new deal tells the Associated Press that it adds a $25 million salary for 2016 and gives the Yankees a $25 million option for 2017 with a $5 million buyout.

Sabathia agreed to a $161 million, seven-year deal two years ago.

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