New York Yankees president Randy Levine said that the team will not pay any player a $300 million contract and despite representatives of second baseman Robinson Cano demanding a 10-year deal worth $310 million.
The team has made an offer to Cano, which is believed to between five and seven years worth around $160 million, according to the report.
The richest contract in baseball history was the one the Yankees gave to third baseman Alex Rodriguez in 2007, a 10-year, $275 million deal, with another $30 million in performance bonuses.
"We want Robbie back; we think Robbie is terrific," Levine said to ESPNNewYork.com. "But we have no interest in doing any 10-year deals and no interest in paying $300 million to any player. Until he gets a little more realistic, we have nothing to talk about.''
VERDUCCI: The worst positions in baseball -- and how to fix them Cano, a five time All-Star, hit .302 with 27 home runs and 107 RBI for the Yankees last season. He has batted over .300 in seven of the nine seasons he has been with the team.