Yanks Offer Arbitration to Vasquez, Not Wood

Contrary to Brian Cashman's own statement yesterday to Wallace Matthews of ESPNNewYork.com, the Yankees did not offer arbitration to RHP Kerry Wood, but they did to starter Javier Vasquez. Fox Sports' Ken Rosenthal reported yesterday that Vasquez agreed to decline the offer in what is termed a "gentleman's agreement". This will allow the Yankees to receive a first-round draft pick as compensation.

According to MLB Rumors, Vasquez seems to be on the verge of securing a deal with the Florida Marlins who are the front-runners for the righty ahead of the Chicago Cubs, Washington Nationals and Colorado Rockies. MLB Rumors also reports that he has already turned down an offer worth $20 million for 2 years; team name was undisclosed.

Jeter, Pettitte, Rivera, and Lance Berkman were not offered arbitration as expected.

Follow Rasheeda Cooper on twitter: @ra_cooper