NEW YORK — CC Sabathia decided to stay with the New York Yankees rather than test the free-agent market, agreeing Monday to a new deal that adds $30 million to his existing contract and will pay $122 million over the next five years.
The 31-year-old left-hander had until midnight to opt out of his current agreement, which had $92 million remaining over the next four years in $23 million annual salaries.
“My goal the whole time was to be able to finish my career as a Yankee,” Sabathia said in a video posted on Twitter. “I look forward to seeing everybody out at the ballpark next year.”
New York added a $25 million salary for 2016 and gets a $25 million option for 2017 with a $5 million buyout.
The option becomes guaranteed if Sabathia does not end the 2016 season on the disabled list because of a left shoulder injury, does not spend more than 45 days of 2016 on the DL with a left shoulder injury or does not make six or more relief appearances in 2016 because of shoulder issues.
He retains a hotel suite on trips, a no-trade provision and the right to buy tickets.
Sabathia agreed to a $161 million, seven-year deal with New York before the 2009 season. He has gone 59-23 with a 3.18 ERA during the regular season for the Yankees.
“CC is the ace of our pitching staff, a leader in our clubhouse and a driving force for the Yankees in our community,” Yankees general manager Brian Cashman said. “He is exactly the type player and person that Yankees fans and this organization can be proud of. We are excited that he will be wearing the pinstripes for many years to come.”