That put pressure on the Yankees because it took away their backup plan and also introduced the Angels as a serious bidder for Lee. The Red Sox are also expected to be much better now and that too puts pressure on the Yankees to improve.
So, according to multiple sources, that forced the Yankees to increase their offer to Lee from six years to seven. They haven’t just increased their offer though. According to Joel Sherman of the NY Post, the Yankees have given Lee several options.
The first option is a five-year deal worth about $125 million, the second is a six-year $144 million deal and finally there is a seven-year $161 million offer. That essentially breaks down to a $25 mil AAV, a $24 mil AAV, and $23 mil AAV offers respectively.
Later on in the day Ken Rosenthal of Fox Sports confirmed that the Angels have indeed gotten involved in the Lee sweepstakes. Though it came out yesterday that their top offer to Crawford was $100 million so they may not be looking to outspend the Yankees here. Also, a bat seems to be their biggest need so it is possible that they will more seriously persue Adrian Beltre instead of Lee.
The Rangers responded to all of this by asking Lee’s agent Darek Braunecker to “tell them what it would take to sign” Lee. Of course that’s not how it works and Lee’s agent responded in kind. The two sides are meeting today though and are likely discussing increasing the original offer.
Supposedly Lee will use the weekend to decide where he wants to pitch next season. The offers are all on the table. It seems hard to imagine they’ll be upped again from any of these three teams and other teams seem unlikely to get involved either due to the extreme prices, but at this point anything can happen.