Realistically the players union is breathing down C.C's neck to accept this deal. At what stage does Hank tell C.C. the deal is off the table. It's been 4 days (2 business days) and I expect the Yankees to tell C.C. he has until mid day Tuesday to make a decision. Right now everything lies in the balance of this deal. IF C.C. accepts, the Yankees can make realistic offers to Lowe and/or Burnett and have no need to go after Peavy.If C.C. says no deal, than the Yanks (unfortunately) have to blow Lowe or Burnett away and probably propose a heavy trade to SD.

I think that C.C. will say yes, however everyday it becomes harder and more expensive to sign those other pitchers. I think Hank should say that a decision needs to be made by noon Tuesday or no deal. He should then offer Lowe and Burnett a hefty sum and if C.C. comes running back than Hank can explain that the money just isn't there. Unfortunately, C.C. might have trouble taking Hank seriously after last years: "There is no way that A-Rod is going to be a Yankee" incident. (Thanks Hank) 

The whole point of this deal was to blow C.C. away before anyone else had the chance. The Yanks can't sit back and wait for C.C. to hear other teams offers (if there are any.) Remember "strike early strike often" only works if you aren't waiting for weeks to sign your main guy. The only way for the Yankees to build upon this deal is if it happens soon. Either way I think the Yanks need a Yes or No soon.

Does anyone know if there is a deadline? I'd b curious to hear peoples thoughts on a possible deadline.