ORLANDO, Fla. -- Though Brian Cashman's contract expired at the end of October, managing general partner Hal Steinbrenner said on Wednesday that a new agreement is in the works for the longtime Yankees general manager.
"Cash and I are still working out terms, but I will say Cash has told me he wants to stay, and I have told him that I want him to stay," Steinbrenner said. "Maybe it's a handshake deal with no terms at this point, but we're working on it. Obviously, he's been busy."
Cashman has served as the Yankees' general manager since 1998, and his annual salary is believed to be in excess of $3 million. Cashman said earlier this month that he has had several conversations with Steinbrenner about his status, but he is focusing more on the Yankees' managerial search at this time.
"First and foremost, my first conversation with Hal regarding the manager was all the coaching staff that's attached to that," Cashman said. "I thought that was the most important heavy lifting that needed to be done. I think everybody realizes and understands that I would like to continue working here. We'll get to that eventually, but for now, nothing's been finalized."