NEW YORK (WFAN/AP) — Would you walk away from a four-year contract worth $92 million?

It seems Yankees ace CC Sabathia has decided to do just that.

According to WFAN’s Jon Heyman, Sabathia is “planning” to opt out of his deal with New York by the Monday night deadline.

But it’s not all doom and gloom for fans of the Bombers. Heyman says the Yankees still remain the favorite to sign CC. The team already has an offer on the table, but Sabathia wants “to look around.”

Sabathia agreed to a $161 million, seven-year contract before the 2009 season and has gone 59-23 with a 3.18 ERA during the regular season for New York.

If he opts out, the 31-year-old left-hander would become the top pitcher on the free-agent market.

This year’s crop is headed by Albert Pujols, Prince Fielder, Jose Reyes, C.J. Wilson, Edwin Jackson and Mark Buehrle. Free agents can start signing with teams Thursday.

How much cash should the Yankees throw at Sabathia? Sound off in the comments below…

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