0982563 - Shift Cable Assembly

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Part Number
0982563 Johnson
0982563 Evinrude
  982563 Johnson
  982563 Evinrude

Evinrude Johnson OMC

Yes, this price is correct, they are expensive. Our understanding is that the factory had to completely retool that part just a few years back and the price jumped significantly because of the tooling costs.
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Warranty (PDF)
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Evinrude Johnson OMC Shift Cable Ay,nla 0982563 is equivalent to parts:

Original Evinrude Outboard, Johnson Outboard, OMC Inboard, OMC Stern Drive, OMC Sail Drive and OMC Sea Drive parts.