Sabathia to Stay with the Yankees

New York Yankees starting pitcher C.C. Sabathia has decided to remain with the team, according to a tweet he sent Monday night.

Sabathia's deal, which he signed prior to the '09 season, is worth $161 million. With four years remaining, Sabathia had an option this year to opt out if he decided to test the free agent waters.

His tweet, which confirmed his decision to stay in New York, reads: "Yankee fans, I’ll be here fighting for number 28 next year!"

It was reported last week that Sabathia had decided to opt out, which means that he either has a restructured contract with New York or he chose to keep his previous contract and not opt out. Sources indicated to ESPN Monday that the two sides were working on a new deal. CBS Sports later reported that Sabathia was given a one year extension worth $30 million, guaranteeing the lefty $122 million over the next five years.