Yankees, CC Sabathia agree to contract extension

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Well, here’s a surprise.

CC Sabathia just announced that he has agreed to a contract extension with the Yankees.

Most expected Sabathia would opt out of the remaining four years and $92 million on his contract and test free agency, but both sides worked hard to hammer out a new deal before tonight’s deadline.

As Buster Olney of ESPN.com reports, this essentially is a one-year contract extension. Sabathia will earn $25 million in 2016 while Ken Rosenthal of FOXSports.com hears that the contract includes a $25 million vesting option for 2017 or a $5 million buyout. The 31-year-old left-hander is now guaranteed $122 million over the next five years, or $24.4 million per year, which tops Cliff Lee ($24 million) for the highest average annual value for a pitcher.

UPDATE: Joel Sherman of the New York Post reports that the option for 2017 automatically vests unless Sabathia ends the 2016 season on the disabled list with a shoulder injury, spends more than 45 days on the disabled list in 2016 due to a shoulder injury or makes at least six relief appearances in 2016 due to shoulder issues.

UPDATE II: The Yankees are currently holding a conference call and have sent out a press release. This baby is official.

Minor League Baseball eclipses 40 million in attendance for 14th consecutive season

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Minor League Baseball announced on Wednesday that, for the 14th consecutive season, the league has eclipsed 40 million in total attendance. 20 teams set single-game attendance records and seven teams set franchise records for single-game attendance in their current parks.

ESPN’s Keith Law, who has been covering the minor leagues for quite a while, did the math:

Minor League Baseball president and CEO Pat O’Conner, whose most prominent stint in the public eye involved him disingenuously justifying the underpaying of his players, said, “Minor League Baseball continues to be the best entertainment value in sports, and these numbers support that. For us to top 40 million fans for the 14th consecutive season despite the weather challenges our teams faced in April and May is a testament to the continued support of our loyal fan bases and the creative promotions and hard work done by all of our teams across the country.”

Major and Minor League Baseball are quite happy to make money hand over fist on the backs of their players, but are too cheap to pay them adequately for their labor.