The New York Yankees and All-Star pitcher C.C. Sabathia have agreed to a seven year contract worth $160 million dollars according to ESPN’s Buster Olney.

In order to get the deal completed, ESPN the Magazine’s Buster Olney reports that the Yankees added a seventh year to their original six-year, $140 million offer, bringing the total package to seven years and $160 million — by far the biggest contract for any pitcher in history.

The Yankees had extended a six-year, $140-million offer to Sabathia nearly a month ago and were beginning to get nervous that he simply didn’t want to pitch in New York. But two days of face-to-face meetings with the Yankees in Las Vegas, followed by Cashman’s session Tuesday night with Sabathia and his wife Amber in California, sealed this deal.

“He’s now excited about becoming a Yankee,” a source told ESPN The Magazine’s Buster Olney.

The Yanks have a bad history of overpaying for pitching arms then those players getting injured and collecting tons of cash for years of rehab.

Congrats to C.C. and his wife on the big pay day!