7 yrs $160 million is about what Johan's making annually only with one more year. This is a bargain as far as I'm concerned. Getting the majors best pitcher in the prime of his career is sweet. Having a proven track record in both the NL and AL is sweet. Getting a guy that has 200 innings pitched at the end of August is super sweet. With this deal the Yankees just solved two problems: Getting a #1 starter and getting more bullpen depth.
As it stands now the Yankees rotation is:
2. Chien Ming Wang
3. Joba Chamberlain
4. Phil Hughes
5. Ian Kennedy/Kei Igawa/Alfredo Aceves
I know a lot of people are going to predict bust but I think CC is worth it. With his size, it's true he may not make it the length of the contract. David Wells seemed to get along just fine, as did Rick Reuschel, Bartolo Colon, . But let's not be silly, right now CC is better than Wells and Big Daddy and that's what you're paying for. What will he give you right now? Over the last three season's he's averaged:
16-9 229IP 47BB 211Ks 3.03ERA and 1.14WHIP (that's a ridiculously low 1.83 walks/9 innings!!!)
If giving him the 7th year is what it took to make him a Yankee, then their fans shouldn't complain. If he doesn't last they'll just eat the money at the end of the deal and move on. Either way I doubt anyone will complain about him after the Yanks sign Burnett/Lowe and win the World Series in 2009 and 2010.