Hal Steinbrenner: 'We've still got some to spend'

Hal Steinbrenner: 'We've still got some to spend'
December 5, 2013, 8:15 pm
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As the Yankees introduced their new catcher, Brian McCann, on Thursday. Team owner Hal Steinbrenner was telling the media that after McCann's five-year, $85 million deal and Jacoby Ellsbury's seven-year, $153 million contract, the Yanks still have money to spend.

"We still have money to spend," Steinbrenner said. "My family has a pretty good record. Found money is usually spent. It's usually put back into the team. We did it in '08 [the last time before last season that the Yankees failed to make the postseason]."

Then there's the $189 million payroll threshold that would kick in the luxury tax. Steinbrenner repeated that "189 is a goal. It's not going to come at the expense of putting a great team on the field."

Will that "found money" find its way to Robinson Cano to get the free agent second baseman to return to the Bronx?

An ESPN Deportes report said the Seattle Mariners were willing to go as high as $240 million for 10 years, but a FoxSports.com tweet said the Seattle offer hadn't topped $200 million.

Cano was said to be meeting with the Mariners on Tuesday and reports of offers of nine years/$225 million surfaced.

The Yankees had said previously that they wouldn't go beyond $200 million to retain Cano.  Stay tuned.