NEW YORK — Most teams triumphantly unveil a new ace. The New York Yankees presented a pair.

The sign board outside old Yankee Stadium beamed with an unusual message Thursday for a ballpark that already has seen its final game: "LET'S PLAY TWO," read the top line. "CC & AJ 1 PM TODAY," said the lower.

For $243.5 million, a lot in most places but a trifle in a city where a financier is accused of swindling billions, the Yankees signed two pitchers they hope will restore the franchise's glory when it moves across the street to the new $1.3 billion Yankee Stadium next year.

There was a Christmas tree on the mound of the old ballpark, Yogi Berra was walking around and down in the cramped Stadium Club, 11 people were seated on chairs beside the podium. Manager Joe Girardi's 9-year-old daughter, Serena, presented roses to the wives of CC Sabathia and A.J. Burnett.

Yankees president Randy Levine called the news conference "one last hurrah" for the 85-year-old stadium, scheduled for demolition starting next summer. Brian Cashman said the teddy bearish Sabathia "lights up a room when he walks in."

"I hope he lights up a city," the general manager said.

Disappointed, dismayed and dissed after their streak of 13 consecutive postseason appearances came to an end, the Yankees reversed course after a one-year experiment with young starters and exercised their economic might by finalizing huge contracts Thursday for the two highly pursued pitchers. Sabathia's $161 million, seven-year contract is the highest for a pitcher. Burnett's would be the highest on many teams.

"We learned last year that injuries can happen across the board," Yankees co-chairman Hal Steinbrenner said. "There's no doubt pitching is a bit more worrisome, but you've got to live year by year and we're focused on 2009."

New York has used 51 starting pitchers since its last World Series title in 2000, according to the Elias Sports Bureau, tied for sixth in the majors and third in the AL. Kevin Brown, Javier Vazquez, Jeff Weaver, Randy Johnson and Carl Pavano have all come and gone. Many of them were introduced with similar hoopla.

"You can't stop swinging for the fences," Cashman said, proudly wearing a World Series ring. "We've been here. We've done this before. How many times, right? And I've got this on my finger from the times where things have worked out. And I've got tread on my back from where I've been hit by a bus when it didn't work out."

Sabathia, 6-foot-7, about 300 pounds and with size 15 shoes, carries big expectations to go with his big body.

To reel in Sabathia, the Yankees dazzled him with fellow Californian Reggie Jackson, tales of how they had coveted him for more than a year and a provision that allows the 2007 AL Cy Young Award winner to terminate his contract after three years.

Derek Jeter made a recruiting call, and Cashman traveled to Sabathia's home in California last week during the winter meetings to assure him and wife Amber that New York was a great place to live and pitch. That clinched it.

"Ten minutes after he left my house," Sabathia said, "I called him and I looked at my wife, I said, you know, 'I'll be a Yankee.' Every time I say that I still get chills thinking about that."