• Globe Report: Yanks To Offer Lee 5 Years & $120 Million

    Posted by on November 22nd, 2010 · Comments (3)

    Via FOXSportsSouthwest.com:

    The Texas Rangers are determined to keep ace Cliff Lee, but reports indicate that their ceiling just might be the starting point for the New York Yankees.

    The Boston Globe reports the Yankees are offering Lee a five year deal in the $115 million-$120 range.

    Do the math…that’s $23 million to $24 million per season.

    The Rangers want to match the Yankees offer, can could match the one that is being put on the table right now, but they will have to decide just how far they want to go in a bidding war with a team that isn’t afraid to drive the price through the roof.

    Texas will have to decide if they can afford to pay a pitch $20 million plus to a pitcher who will be 37 at the end of the contract.

    The Yankees are no stranger to paying pitchers this kind of money. CC Sabathia currently makes $23 million a season after signing the largest contract ever by a pitcher in 2009 – seven –years for $161 million.

    I’m not overly concerned about the five years – assuming you do a very good job at checking out his medical history. But, the money is much more than I would spend…about $15 to $20 million more than I think they need to go here…

    Comments on Globe Report: Yanks To Offer Lee 5 Years & $120 Million

    1. MJ Recanati
      November 22nd, 2010 | 4:29 pm

      But, the money is much more than I would spend…about $15 to $20 million more than I think they need to go here…
      I’m somewhat surprised you see it that way. If the Yanks can get Lee on a 5Y/$120M deal, I’d consider it a big victory that they were able to make up for years by giving him more money. I’d always rather the expenditure rather than the time investment.

    2. #15
      November 22nd, 2010 | 5:12 pm

      With ~ 6 million coming off of Jeter’s salary (wink, wink), and only one year left on Posada, I’m good to make that deal for Lee. Let’s just see if they end up at that dollar amount. It strikes me as probably close to the limit of what the Rangers would offer. 10 million more and they’d probably head for the door because Nolan has been grooming several guys he’s high on in their system. For us…. Two aces, hopefully with Andy, Hughes, and AJ as the #5, and Nova as the #6, looks fine to me. Best we’d have had in a long, long time. Just get me another lefty for the pen and we are good to go. If CC, Lee and Hughes are healthy, that’s enough starting pitching to build around for the next 3-5 years. When was the last time the Yankees were able to say that? I still wonder if the Yankees are going to go into next season with a rookie catcher, and a rookie/near rookie back-up catcher.

    3. Evan3457
      November 22nd, 2010 | 10:03 pm

      That’s about what I figured. I thought they’d go as high for $25 million for 5 years with a team option for a 6th.

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