Sabathia Signs with Yankees; Other Updates

CC Sabathia and the New York Yankees agreed to a 7 year deal reportedly worth $161 million which includes an opt-out clause after 3 years.

Sabathia won the 2007 American League Cy Young with the Cleveland Indians. In mid-2008, he was traded to the Brewers. Overall, Sabathia pitched 241 innings with a 2.70 ERA, and 251 SO in 2008.

The Yankees may not be done adding big name pitchers, if nothing else is new. The Yankees extended their offer to A.J. Burnett to 5 years, $60 million. The Yankees must really like pitchers with an abbreviation as their first name. In a 10 year career, Burnett has posted a 3.81 lifetime ERA.

The Washington Nationals are even getting in on the big spending fun. The Nationals proposed an 8 year $160 million offer to free agent Mark Teixeira. Teixeira has a career .290 AVG, .919 OPS and provides great defense.

A small trade similar to the Greg Golson/John Mayberry Jr. trade was made. The Phillies have acquired Ronnie Paulio in exchanged for catcher Jason Jarmaillo. The Phillies would also like to trade Adam Eaton, buying out his contract if necessary.

Not only could a small trade fall through, but a big trade could as well for the Phillies. The deal would involve Jake Peavy going to the Cubs, Mark DeRosa coming to the Phillies in exchange for Carlos Carrasco, J.A. Happ or the most talked about prospect during the Winter Meetings, Jason Donald.

That is the latest from the Winter Meetings.