LAKE BUENA VISTA, Fla. — The Yankees have offered Cliff Lee an assortment of contract choices ranging from five years to seven years, The Post has learned.
The idea is to give Lee a range of options that, the Yankees hope, separate them from whatever field remains for the ace lefty’s services. Yankees officials presented Lee’s agent, Darek Braunecker, with the parameters of these proposals at the outset of free agency, but Braunecker asked that nothing formal be presented until the past two days at the Winter Meetings.
The Yankees’ offers work on a scale in which the shorter the term, the higher the annual average value. It is believed the bids work something like this: five years for $125 million; six years for $144 million; seven years for $161 million; or $25 million a year, $24 million a year and $23 million a year, respectively.
CC Sabathia’s seven-year, $161 million deal is the record for both total overall dollars for a pitcher in a multiyear deal and the most in average annual value ($23 million) for a pitcher on a multiyear deal.
It is possible that to finalize a deal the Yankees will have to further sweeten a bid or, perhaps, form a hybrid in which Lee receives the higher annual value on a five-year term, but has player options in Year 6 and/or 7. And the race is not over yet.
The Rangers and Angels remain engaged with Lee. Texas officials are scheduled to meet Thursday with Lee in Arkansas and, FOXSports.com is reporting, will increase the Rangers’ five-year bid.


