Found October 28, 2011 on Sliding Into Home:
PLAYERS: CC Sabathia
TEAMS: New York Yankees
From George A. King III:
The Yankees have put together a contract proposal for CC Sabathia the left-handed ace will receive shortly.

Will it be good enough for Sabathia to not opt out of the final four years and $92 million left on his deal and become a free agent?

Sabathia has until three days after the World Series ends to make his decision. While retaining Sabathia to front a shaky rotation is the Yankees' top priority, there are other less complicated issues in their universe.

...

While the details of the proposal to Sabathia were kept quiet, the club isn't adverse to a five- or six-year deal with a raise over the $23 million he earned this past season.

However, the Yankees may balk if Sabathia requests a seven- or eight-year pact.

If their ace opts out, the Yankees still have the full five days of exclusive negotiation rights with Sabathia. Free agents can begin talking to teams other than their own at midnight five days following the end of the World Series.
If you're Cashman and CC tells the Yankees it's 7 years or I'm signing somewhere else, what would you do?
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