Yankees out of running to sign Ohtani

The Shohei Ohtani sweepstakes is down to seven

The Shohei Ohtani sweepstakes is down to seven

Yankees GM Brian Cashman said on Sunday that Ohtani will not be signing with the team. The San Francisco Giants and the Seattle Mariners are still in contention to sign Ohtani, according to Yahoo Sports' Jeff Passan.

Pete Abraham of The Boston Globe also noted that Red Sox executive Dave Dombrowski said the club was informed this afternoon that they, too, were out of the Ohtani sweepstakes. The Minnesota Twins, the only other team with at least $3 million in bonus money, also did not make the final cut. The Yankees were expected to be heavy players in signing the 23-year-old who will arrive in the major leagues from Japan for the 2018 season.

Ohtani was posted by the Hokkaido Nippon-Ham Fighters of the Nippon Professional Baseball League on Friday.

Ohtani, of course, will be limited to how much he can be paid because he is a foreign free agent under the age of 25 and is thus subject to the global pool caps provided for under the Collective Bargaining Agreement. The Rangers are estimated to have $3.53 million to offer, if interested.

Cashman did give some hints about where the Japanese phenom may be heading by saying something about West Coast and small market teams.

Ohtani looks to be one of the first Major Leaguers to both pitch and hit, whether it's as a designated hitter or outfielder, on a regular basis.

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