10:23pm ET: Via Jon Heyman, talks haven’t gotten off the ground, but the two sides will revisit a possible extension during the season. The team is willing to do three years and $20M, but that would be a pay cut for Martin based on this year’s salary. That’s just a first offer though, I’m sure they’re open to negotiating.
5:30pm ET: Via Andrew Marchand, the Yankees and Russell Martin have rekindled talks about a three-year contract. The two sides reportedly discussed a three-year deal earlier this offseason, though Brian Cashman told Jack Curry that Martin’s side probably didn’t like the proposed financial parameters.”We would be flexible in their budget constraints,” said Matt Colleran (Martin’s agent) with regards to the 2014 austerity budget. Colleran and Cashman spoke yesterday about a new contract and will do so again in the near future according to Marchand.
As Moshe wrote earlier this offseason, there is definitely some merit to keeping Martin around over the next few years, particularly in the wake of the Jesus Montero trade. A new deal would replace this year’s contract, meaning it would cover 2012-2014. Something along the lines of three years and $25-30M seams reasonable to me without really digging too deep into it.