Sources have told ESPN New York the Yankees still plan to keep their ultimate offer to Cano in the seven-year, $175 million range. That is unchanged from before the Ellsbury talks heated up this week.
If Cano can get $200 million someplace else, the Yankees will let him walk.
"Now it's a question of, does [Cano] want to be a Yankee, or is he just about the money?" a baseball insider told Wallace Matthews.
The Yankees' offer is not going down, because they are hoping to sweep the top of their free-agent board. A source said that after Cano, the Yankees had the already-signed Brian McCann as their No. 1 target with Ellsbury next. There was an initial plan to go after Carlos Beltran because they hoped he could be nabbed on a two-year deal, but the Yankees knew they may have to change course depending on the market.
With Beltran reportedly looking at three years and $48 million elsewhere, the Yankees thought that was too rich and long for a soon-to-be 37-year-old with his injury history. Instead, they have gone for Ellsbury.
Meanwhile, they are bringing in second baseman Kelly Johnson as insurance and potentially as a utility man. They have had substantial talks with Omar Infante, who could be plan B if Cano leaves.
Despite being pessimistic, the Yankees don't want Cano to go, but if he can get $200 million or more elsewhere, they seem prepared to say goodbye. That was the position before the Ellsbury move and it is the same after.