UPDATE: A’s deal for Hisashi Iwakuma is dead

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UPDATE: It’s over. Mychael Urban of CSN Bay Area and Jane Lee of MLB.com are reporting that the A’s have failed to reach an agreement with Hisashi Iwakuma. The club’s $19.1 million posting fee will be returned.

8:02 PM: The Athletics have until midnight ET to come to an agreement with Japanese right-hander Hisashi Iwakuma, but things don’t look good.

Jane Lee of MLB.com reports that the two sides have yet to talk today, while Athletics general manager Billy Beane said he would “it would be a surprise” if a deal was reached.

The A’s won the exclusive rights to negotiate with Iwakuma last month by submitting a $19.1 million posting fee. Some have suggested that the A’s may have made the bid in order to block the Mariners and/or Rangers, but their subsequent trade of Vin Mazzaro to the Royals is an indication that their interest was genuine. The more likely scenario is that Beane balked at Iwakuma’s asking price of $11-12 million per season. Hard to argue with that one.

While that’s tough news to take for A’s fans, the club is exploring a multi-year contract extension with Trevor Cahill, according to Buster Olney of ESPN.com. Cahill, who turns 23 in March, went 18-8 with a 2.97 ERA this past season. The young right-hander will not even be arbitration-eligible until next offseason, so the team will likely attempt to buy out his arbitration years and perhaps his first year of free agency. The team signed Brett Anderson to a similar deal in April.

Yankees to activate Greg Bird tomorrow

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The Yankees have the best offense in all of baseball. Now they’re about to add a big power threat: Greg Bird will be activated tomorrow.

Bird has missed the entire year since undergoing ankle surgery to remove a spur back in March. He’s been on the mend of late, however, and recently completed a stretch of 12 rehab games in which he didn’t hit a ton, but he showed that he was healthy and that’s always been the biggest thing with him. As you’ll recall, he missed considerable time with trouble in the same ankle last season.

Bird has always shown considerable promise, and the Yankees — despite scoring runs in bunches — could use a little left-handed power and some better production at first base. Bird, hopefully, will be able to provide it.