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.

Astros release Jon Singleton

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The Astros have released first baseman Jon Singleton, Chandler Rome of the Houston Chronicle reports.

Singleton, 26, was suspended for 100 games after testing positive for a drug of abuse for a third time. He has had issues with marijuana in the post and admitted to being a drug addict several years ago. He said, “At this point it’s pretty evident to me that I’m a drug addict. I don’t openly tell everyone that, but it’s pretty apparent to myself. I know that I enjoy smoking weed, I enjoy being high and I can’t block that out of my mind that I enjoy that. So I have to work against that.”

Singleton played parts of two seasons in the majors in 2014-15 with the Astros, batting a combined .171/.290/.331 with 14 home runs and 50 RBI in — appropriately — 420 plate appearances. He spent 2016 with Triple-A Fresno and 2017 with Double-A Corpus Christi, putting up middling numbers.

If he can convince teams he’s still actively working to overcome his addiction, Singleton may be able to find an opportunity elsewhere. But his road back to the majors remains long. He was once a top prospect in the Phillies’ system, then was traded to the Astros in the Hunter Pence deal back in July 2011.