Bill Madden reports that the Yanks backed out of the Johan sweepstakes because of money:
But it is more than just Cashman’s belief in Hughes that suddenly put
the Yankees in full retreat after Hank Steinbrenner had sounded the
"Charge!" on Santana. Believe it or not, the final decision not to go
through with a deal that was on the table – one that would have
sacrificed Hughes, Melky Cabrera, 23-year-old Double-A righthander Jeff
Marquez and 22-year-old A-ball third baseman Mitch Hilligoss – was
based on money.
Carl Pavano, Jason Giambi, Kyle Farnsworth, etc. Overpaying for mediocrity can hurt you. Even if you’re the New York Yankees.