The Yankees have exchanged arbitration figures with Chien-Ming Wang and Robinson Cano reports Peter Abraham.
Robinson Cano submitted $4.55 million, the Yankees submitted $3.2 million.
Chien-Ming Wang submitted $4.6 million, the Yankees submitted $4 million.
The Yanks are playing this foolishly. They should look to negotiate 4 year extensions with both to lock them up through their arbitration years. Even though the market for high level players is ridiculous, both would likely accept multiyear discounted contracts to secure themselves in the longterm against catastrophic injuries. In exchange for the future financial security, New York can keep its homegrown stars at a relatively cheap prices and prevent them from hitting the market for an extra season.