C.C. Sabathia Is Rich, Global Recession Favors the Yankees

After a couple weeks of speculation, unfounded rumors, and empty threats; C.C. Sabathia is on the verge of signing a ludicrous 7-year, $161 million contract with the New York Yankees.  Despite the rest of the world’s financial insecurity, the Yankees are poised to pay out the ass for a few other free-agent pitchers as well.

The Yankees are still very much in the hunt for Derek Lowe, A.J. Burnett, Ben Sheets, and Andy Pettitte.  Other potential suitors for these pitchers will likely be outbid by the evil empire.  Hatred and contempt, spread it.

Some of the more financially vulnerable teams were making some moves of their own; the Baltimore Orioles came to terms with shortstop Cesar Izturis, while the Cincinnati Reds sent utility man Ryan Freel to the Orioles in exchange for catcher Ramon Hernandez.  Hernandez gives the Reds more experience and stability at the catcher position for next season.

The Cleveland Indians are reportedly close to agreeing with Kerry Wood on a two-year deal.  Wood would become the team’s closer,  putting several Indians’ relievers out of their misery after they all struggled with the role last season.