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Sabathia Agrees To $122M Extension With Yankees

Oct 31, 2011 7:46 PM EST

CC Sabathia has agreed to a $122 million extension with the Yankees.

The new deal will add $30 million to his contract.

The extension adds a $25 million salary for 2016 and the Yankees now have a $25 million option for 2017 with a $5 million buyout.

Sabathia agreed to a $161 million contract with the Yankees in December of 2008 and helped the team win a World Series in his first season.

Via AP/New York Times