The New York Yankees reach an agreement with free agent hurler CC Sabathia for a seven-year, $161 million deal, a new record for a pitcher. Sabathia had gone 11-2 with a 1.65 ERA for the Brewers after starting the season with Cleveland where he won the 2007 American League Cy Young Award.

On ,December 10 2008 — The New York Yankees reach an agreement with free agent hurler CC Sabathia for a seven-year, $161 million deal, a new record for a pitcher. Sabathia had gone 11-2 with a 1.65 ERA for the Brewers after starting the season with Cleveland where he won the 2007 American League Cy Young Award.

With the fourth richest deal in major league history, Sabathia’s seven-year contract, with an opt-out clause after three years. The 28 year-old right-hander’s $23 million average annual salary eclipses the agreement the Mets inked with Johan Santana in February.

 
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