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.

Report: Phillies place Justin Bour on waivers

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Jim Salisbury of NBC Sports Philadelphia reports that the Phillies have placed first baseman Justin Bour on waivers. The Phillies are creating space on the 40-man roster ahead of the Rule 5 protection deadline on Tuesday.

Bour, 30, opened the season with the Marlins but was traded to the Phillies in August in exchange for minor league pitcher McKenzie Mills. Overall, Bour hit .227/.341/.404 with 20 home runs and 59 RBI in 501 plate appearances.

Bour doesn’t really have a spot on the Phillies’ roster considering he is strictly a first baseman and the Phillies already have Carlos Santana. The Phillies may try to trade Santana to move Rhys Hoskins back to first base from left field.

If Bour clears waivers, he can reject an outright assignment to the minor leagues and become a free agent. However, considering how slow-moving the market for bat-only 1B/DH types has been in recent years, Bour may have trouble latching on with a new team on a guaranteed major league contract. If Bour is claimed, the claiming team will be responsible for paying him as he enters his second of three years of arbitration eligibility. MLB Trade Rumors projects Bour to earn a salary of $5.2 million in 2019.