From Joel Sherman (NY Post):
The Yanks are among the teams that have checked in on Washburn. However, as of this afternoon the two sides still had not discussed names. In addition, Hal Steinbrenner has ruled that the team cannot take on significant money the rest of the season. That is a huge reason why the Yanks are not players on Roy Halladay. Washburn has about $3.7 million owed to him the remainder of the season, which could be a hurdle for the Yanks.
$3.7 million a hurdle for the Yankees? The Yankees can’t absorb that? Is this legit or is it just posturing? What’s interesting here is the dynamic Hal Steinbrenner adds to the Yankees. Hal is characterized as the frugal spender, one who is restrained and conservative with his wallet. However, is that merely an image that helps the Yankees posture with other teams, forcing them to eat significant chunks of a contract, or, is it actually true? He did open up the bank for Mark Teixeira, however, that was something that Brian Cashman had to convince him to do (reportedly). Based on what happens at the trade deadline, whether it involves Washburn or another player, we could find out what Hal’s all about in terms of his financial flexibility.