Also Cashman’s! It came out more than 12 hours later after CC’s.
CC did NOT opt-out!!! 😄
4yrs/ 92M, 1yr/23M (current contract)
6yrs/147M, 1yr/24.5M (an option automatically picked up unless Sabathia goes down with a left shoulder injury: 45 days on the DL, or six relief appearances that year due to the shoulder. Should it happen, there would be a $5M buyout.)
It’s official: Three more years of Cashman
The Yankees announced today that they have re-signed Senior Vice President and General Manager Brian Cashman to a new three-year contract. It’s his fourth straight three-year deal, and unlike the last two, this one went down drama-free. Cashman is baseball’s third longest tenured GM (behind Brian Sabean and Billy Beane) and has been at the Yankees helm since taking over for Bob Watson on February 3rd, 1998. No word on the money yet, but it’s likely in the $8-9M range.
Cashman, a long-time Yankee loyalist, joined the organization when he was 19 as an intern in the Minor League and Scouting Department. During his tenure, the team has reached the postseason in 13 out of 14 seasons, has won 11 Division titles, six AL Championships and four World Series titles. He is the longest-tenured Yankees GM since Ed Barrow served in that capacity from 1920-1945, and the team’s .605 winning percentage under his watch is the highest of any GM with at least five seasons in that role since 1950. All in all, that’s not a bad resume for the 44-year-old.
PS: On the other day, Cano’s and Swisher’s options were both picked up. Cano will earn $14 million next season while Swisher will make $10.25. The Yankees have a $15 million option remaining on Cano for 2013. Meanwhile, Swisher will begin his final season before free agency.