Cashman commits to Yankees through 2011
Last Updated: Tuesday, September 30, 2008 | 8:01 PM ET
CBC Sports
Brian Cashman, right, consented Tuesday to remain Yankees GM through 2011. (Luis M. Alvarez/Associated Press)Brian Cashman will remain the general manager of the New York Yankees.
Cashman, 41, agreed Tuesday to a three-year contract extension through 2011 with the Yankees (89-73), who missed the playoffs this season.
Financial terms were not disclosed, but Newsday reported it was worth $6 million US.
"Before we could move forward as an organization this off-season, we needed to come to a resolution on the person who would hold the important position of general manager and allow us to make another run at a 27th world championship," Yankees co-chairpersons Hal and Hank Steinbrenner said. "We are thrilled that Brian has accepted to renew his commitment to this organization for at least three more years."
Cashman's current pact was due to expire at the end of October, but he expressed a desire to make amends for New York's failure to reach the playoffs for the first time in 15 years.
"I have got a job to finish here, that is the bottom line," said Cashman, who succeeded Bob Watson as GM in February 1998.
"I consider coming off a season where we didn't reach the playoffs for the first time since 1993 as a personal challenge. I have never been one to run from a challenge and I look forward to having the chance to go after this thing again."
"Brian has shown throughout his Yankees career that he has the dedication, integrity and know-how needed to perform and succeed in this environment," Hal and Hank Steinbrenner said. "Having him in place allows us to begin an off-season of hard work and we're pleased he will be working hand in hand with us to bring the New York Yankees back to the post-season."
New York's mammoth payroll will be reduced by an estimated $86 million US over the off-season, with the contracts of Bobby Abreu, Jason Giambi, Mike Mussina, Carl Pavano, Andy Pettitte and Ivan Rodriguez coming off the books.
With that in mind, Cashman reportedly plans to pursue pitchers A.J. Burnett of the Toronto Blue Jays and CC Sabathia of the Milwaukee Brewers should they opt to become free agents at the conclusion of the World Series.
With files from the Associated Press
