An arthroscopic debridement procedure is scheduled for next week by Los Angeles Dodgers team specialist Dr. Neal ElAttrache. The Yankees expect the veteran to be recovered in time for spring training next year.
For now, Sabathia will not undergo microfracture surgery on the knee, which if needed could end his career.
"It doesn't mean that is off the table," Yankees general manager Brian Cashman said.
The 33-year-old Sabathia posted a 3-4 record with a 4.29 ERA this season. The past two years, he posted a mediocre 17-17 record with a 4.87 ERA.
"He tried the rehab side of it and obviously that didn't work," Cashman said, according to ESPNNewYork.com. "If he had three different options, that was the least. Now, we are on the middle side of this thing, the cleanup of the knee, and hopefully that is good enough."