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.

Mets release Jenrry Mejia

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The New York Mets have released relief pitcher Jenrry Mejia.

Mejia, you will recall, received a lifetime ban from baseball back in February 2016, following his third failed drug test. Last July Rob Manfred granted his application for reinstatement, effective at the beginning of the 2019 season. By way of rehab, Mejia pitched in five games in the minors late in the season. The Mets, obviously, did not want any part of him going forward, especially considering he’s arbitration eligible. To keep him, they’d have had to add him to their 40-man roster today.

Mejia is 9-14 with a 3.68 ERA in 18 starts and 95 relief appearances, all for the Mets.