The New York Yankees rejected an offer from the Cincinnati Reds to trade outfielder Brett Gardner for second baseman Brandon Phillips, according to multiple reports.
CBS Sports' Jon Heyman was the first to report the news, which has been confirmed by multiple other outlets.
On its surface, the deal would have allowed the Yankees to fill the gaping hole at second base that was left by Robinson Cano's departure to the Seattle Mariners. They would have given up Gardner, who is slated to play left field in what has become a crowded Yankees outfield.
But a source told ESPN New York's Andrew Marchand that the Yankees were wary of taking on Phillips' salary in the midst of his numbers declining for the past two seasons. Last season, the 32-year-old Phillips hit .261 with a .706 OPS, belting 18 homers and knocking in 103 runs. Just two years ago, he hit .300 and had an .810 OPS. He is owed $50 million over the final four years of his current contract.