Via MLBTR comes this tweet by Yahoo's Tim Brown:
Engaged club says Lackey expects more in years and AAV than Burnett's five and $82.5 million.
Lackey is a great pitcher. A $15M year deal for three or four years kind of pitcher.
But if he can get six years and $17M from someone else (the Mets? Boston? back to Anaheim?) then good luck. I didn't like giving AJ that much money for that many years, but at least AJ is an ace when he's healthy. Lackey's a horse, but the Yanks aren't desperate for starters this season.
At that price, there are better options out there.