Source: Yanks wait for GM to sign deal

Updated: October 31, 2011, 10:54 AM ET
By Wallace Matthews | ESPNNewYork.com

New York Yankees general manager Brian Cashman has his new contract, but he hasn't signed it yet, according to a baseball source with knowledge of the situation.

Cashman, whose three-year, $6 million contract expires on Monday, has been incommunicado all weekend. But the baseball source, who was involved in the negotiations for Cashman's new deal, told ESPNNewYork.com that a final version of the contract approved by the Yankees has been in Cashman's possession since Saturday.

"All the terms and conditions are done,'' said the source, who declined to provide details of the contract. "My understanding is (Cashman) was going over it with his lawyer (Saturday night).''

According to published reports, the Yankees were agreeable to a new three-year deal for Cashman, who has been the Yankees GM since 1998. On Thursday, the Yankees sent out an email informing their beat writers that Cashman would be "out of pocket'' through the weekend and unable to be contacted.

Cashman is not the only Yankee to receive the draft of a new contract this weekend. According to a team executive, the terms of a renegotiated deal for CC Sabathia were transmitted to his representatives over the weekend, but the team has yet to receive a response.

"We believe it is a very fair offer,'' the executive said. "But we haven't heard anything back yet.''

Wallace Matthews covers the Yankees for ESPNNewYork.com.

Wallace Matthews has covered New York sports since 1983 as a reporter, columnist, radio host and TV commentator. He covers the Yankees for ESPNNewYork.com after working for Newsday, the New York Post, the New York Sun and ESPN New York 98.7 FM.
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