On Wednesday, Cliff Lee received his first contract offer from the Yankees. The offer is thought to be six years long and worth between $137-150 million - a very substantial offer that may win Lee's services outright.
Lee's agent Darek Braunecker then left the Winter Meetings, suggesting that no agreement was upcoming, but now, according to Ken Rosenthal, a decision is coming soon. How soon? As Rosenthal writes, Lee is set to make his decision by the end of the weekend.
The Yankees are locked in a battle with the Rangers and a few other mystery teams for Lee's services, and for the Rangers' part, they've asked Lee's agent to be informed of what it would take to re-sign the lefty ace. Texas isn't about to let Lee go without a fight. But with Lee's choice apparently coming shortly, the Rangers will have to make their best offer, and as they likely can't compete with New York's money, they'll have to count on Lee's wanting to play closer to his Arkansas home to make up the difference.
Other teams are involved in the sweepstakes, but face lesser odds. Stay tuned, as this promises to be an exciting finish.