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

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
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.