River Ave. Blues doubts the rumor that CC Sabathia turned down the Yankees offer:

Let me say this: Beware unconfirmed rumors. They are unconfirmed, obviously.

Second, it makes no sense -- none -- for Sabathia to reject the Yanks' offer. He loses all bargaining position in doing so, and the Giants, Angels or Brewers would have no reason to come close to the Yanks' generous offer. Even if he has no intention of signing with the Yanks, he is far better served to keep the Yanks' offer alive.

Correct. I can see him saying, "I want more money than that to play in New York," trying to get more money, but not walking away from the deal altogether.