George King of the New York Post reports that the Rangers are going to make a five-year offer to Cliff Lee. The Yankees may have already made one, with some putting the dollars at around $23 million a year, so they’ll have to top that. Or at least come close to it if you believe the stuff about relative tax rates and advanced metrics like WAR (Wife Agitation Rate) and APF (Arkansas Proximity Factor).
I don’t have any special insight into the Rangers’ front office on this point, but some people I talk to who say they know a little about them are skeptical that Greenberg and Ryan will lay out that kind of cash. And given that they’re apparently interested in Zack Greinke and in doing things like moving Neftali Feliz to the rotation, they are certainly prepared to go on without Lee.
But at least now, with a second official bidder, things are about to get interesting.