On Thursday, Nolan Ryan said he expected the Yankees to outbid the Rangers for the services of free agent pitcher Cliff Lee. Five days later, New York may have done just that.
According to Yahoo! Sports' Tim Brown, the Yankees have offered Lee, 32 years old, a six-year, $140 million contract, but the pitcher is holding out for a seventh year. Neither side is confirming those numbers.
In his baseball notes column on Sunday, the Boston Globe's Nick Cafardo said that the rumor is the Yankees were in "the $115 million-$120 million range for five years," with Texas ready to match it. Cafardo also mentioned that the Nationals are "aggressive in this hunt."
This would obviously not be the first time the Yankees have handed out a huge contract to a pitcher. In 2008, they signed CC Sabathia to a seven-year, $161 million contract, and paid Roger Clemens a pro-rated salary of $28 million in 2007.