CC Sabathia’s seven-year, $161 million contract with the Yankees contains a clause that allows him to opt out after three seasons, which means he could become a free agent next offseason.
Doing so would involve passing on the four years and $97 million remaining on the deal after 2011, but given the reports of Cliff Lee fielding six- and perhaps even seven-year offers it seems likely that Sabathia could secure more than $100 million for more than four years.
However, yesterday Sabathia told George King of the New York Post that he will not opt out of the contract and explained that Lee’s current situation “has no effect on me at all.”
I believe Sabathia, but it’ll be interesting to see if his stance changes once next offseason rolls around and his agent tells him it would be pretty easy to top the $97 million remaining on his contract. After all, why negotiate the opt-out clause into the contract in the first place if using it was never in the plans? Lee is 32 years old and sounds likely to sign for at least $125 million and perhaps significantly more. Next winter Sabathia will be 31 years old and by that point $97 million over four years may look like a bargain.
The Reds have signed free agent reliever Oliver Perez to a minor-league contract, the team announced Saturday. The deal comes with a major-league invite and could be worth $1.25 million if Perez secures a roster spot this spring, with an additional $500,000 in potential performance bonuses.
Perez, 36, is coming off of a two-year run with the Nationals. He produced a 4.64 ERA, 3.3 BB/9 an d10.6 SO/9 through 50 relief appearances and 33 innings with the club in 2017. The veteran lefty hasn’t kept an ERA under 4.00 in at least four seasons, but he continues to be undeniably solid against left-handed batters, holding them to a .227/.301/.364 batting line over 18 1/3 innings last year.
While returning southpaw Wandy Peralta appears to have locked down a bullpen spot already, Perez will still compete for another role against fellow left-handers Cody Reed and Amir Garrett, both of whom also have experience in the rotation. If Perez doesn’t break camp with the team, MLB.com’s Mark Sheldon notes, he’ll be permitted to opt out of his contract. The Reds are currently looking to bounce back from a dismal performance in 2017, one in which their bullpen ranked 28th among major league teams with a collective 5.63 ERA and -1.2 fWAR.