This all according to ESPN
LAS VEGAS -- The New York Yankees were "very close" to a preliminary agreement with CC Sabathia on Wednesday morning, following an in-person meeting between Yankees GM Brian Cashman and Sabathia in California, a baseball source with knowledge of the deal told ESPN.com.
Sources told ESPN The Magazine's Buster Olney the deal offered by the Yankees is now worth $160 million over seven years -- the most money ever paid a pitcher in major league history. The team had originally offered six years and $140 million.
Boy, this sure surprises noone. What's interesting is that there are rumors that the Yankees are intending to sign Burnett and Lowe as well. It must be nice to have a ridiculous payroll *sigh*. It's also interesting to note that this deal is 'only' paying C.C. 4.2 million per win. This is significantly under values of levels past. I think FanGraphs has a post about this today, but it's still fun to look at all the FA contracts and compare them to years past.
The last thing I wanted to mention is that with the Yankees' probable primary intentions of signing two more pitchers, it takes them out of any Texeira sweepstakes they may have been in. I'm not sure that Tex is really going to want to sign with the Nats unless he gets blown away, and same goes for the O's. I have a bad feeling that he is going to sign with the Angels, and that sucks. I want the A's to be as close (or of course, better) to the Angels' true talent level as possible, and a Tex signing will make me very sad. Here's hoping we get a certain phalicly named veteran pitcher, an oft discussed shortstop (Furcal or Cabrera for me), and one more hitting upgrade.