Jim Baumbach is reporting on his Newsday blog that Lilly will be headed to the Cubs.
Here's the scoop:
Here's how it went down.
The Cubs offered four years for $40 million, not $44.
Agent Larry O'Brien told the Yankees yesterday they have until 6 p.m. to match it. And if they did match it, he more than likely would have become a Yankee.
Brian Cashman called O'Brien at 5:45 p.m. today and told him he "couldn't make a decision within the timeframe," O'Brien said. O'Brien said thanks for your interest and Lilly is now a Cub.
Now the Yankees turn to Andy Pettitte, of course.
Thank you, Brian Cashman, for not making Ted Lilly a Yankee again.