Apparently, CC Sabathia and the New York Yankees have agreed to a seven-year $160 million contract, which is just under $23 million per season. [Update: Tim Brown is reporting the deal is for $161 million (exactly $23 million per year) and has an opt-out clause after three years.] Previously, I had projected Sabathia to be worth $24 million in a six-year deal. (Since I made that initial estimate, I corrected a minor error in my model that resulted in a very slight undervaluing of Sabathia.)
For the next seven years, I have Sabathia valued at just under $26 million a season, so the Yankees are paying about what he is worth.