Cashman offered three-year deal worth more than $5M

Updated: October 26, 2005, 3:09 PM ET
ESPN.com news services

HOUSTON -- New York Yankees general manager Brian Cashman has been offered a three-year contract worth more than $5 million, and the team hopes he will decide in the next few days to stay.

Cashman, who made $1.15 million in the final season of a three-year contract that expires Monday, has not told the team of his intentions, a high-ranking baseball official said Tuesday. The official spoke on condition of anonymity because negotiations are ongoing.

Cashman and Yankees general partner Steve Swindal, who is handling negotiations on behalf of the team, did not return telephone calls seeking comment. The negotiations were first reported by Newsday.

The New York Post reported on Wednesday that Cashman will return and is contemplating two offers: four years for $8.8 million; the other for three years at $5.6 million.

New York's other offseason moves have been put off until Cashman makes his decision. The Yankees hope to finalize a contract with Larry Bowa to become third-base coach and plan to discuss a new contract for outfielder Hideki Matsui, who is eligible for free agency following the World Series.

Cashman has been the Yankees' general manager since Bob Watson quit after the 1997 season. If he would leave New York, several other teams are thought to be interested in talking with him, including the Philadelphia Phillies.

Yankees manager Joe Torre said last week that he intends to fulfill the final two seasons of his contract, which runs through the 2007 season.

Information from The Associated Press was used in this report.

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