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.''