Yankees News: GM Cashman Signs 3 Year Deal

Yankees general manager Brian Cashman is staying in the Bronx with a new three-year contract, the team announced on Tuesday.

And perhaps the biggest item for Cashman this offseason is already off the agenda. CC Sabathia avoided executing his opt out clause on Monday night, instead agreeing to a new five-year deal with New York worth $122 million.

Statement from the Yankees:

The New York Yankees today announced that the club has re-signed Brian Cashman to a three-year contract to serve as the organization’s Senior Vice President and General Manager.

Cashman Signs 3 Year Deal

Cashman, 44, joined the Yankees organization in 1986 as a 19-year-old intern in the Minor League and Scouting Department and has served in his current role since February 3, 1998. In all, his clubs have earned a postseason berth in 13 of his 14 seasons as GM (1998-2007, ’09-11), claimed 11 Division titles, six American League championships and four World Series titles. His feat of reaching the playoffs in each of his first 10 seasons (1998-2007) remains unmatched in Baseball history.

Cashman has the third-longest tenure among current general managers in Baseball and is the longest-serving Yankees GM since Hall of Famer Ed Barrow led the team from October 28, 1920, to February 20, 1945.

He became the second-youngest General Manager in baseball history when he was named to the post at age 31. In his first season, he became the youngest-ever GM to win a World Series, and with championships in 1999 and 2000, he became the only GM in Baseball history to win world titles in each of his first three seasons. A pennant in 2001 gave him four straight League Championships, placing him alongside Barrow (1936-39, four) and fellow Yankees Hall of Famer George Weiss (1949-53, five) as the only GMs in Baseball history to win four-or-more straight league titles at any point in their careers.

Cashman’s lifetime winning percentage of .605 (1,369-895-2) is the highest of any General Manager with at least five seasons of experience since 1950, and marks the best team winning percentage in the Major Leagues since 1998.

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