AP Source: Yanks, Sabathia Reach Agreement - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

AP Source: Yanks, Sabathia Reach Agreement

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Associated Press - December 10, 2008 4:43 PM ET

LAS VEGAS (AP) - CC Sabathia and the New York Yankees have agreed on the framework for a $161 million, 7-year deal.

It is the richest contract for a pitcher in baseball history.

The Yankees and Sabathia's agents still need to work out all of the contract details, a baseball official familiar with the talks told The Associated Press on Wednesday. The person spoke on condition of anonymity because the deal has not yet been finalized.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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