The Rangers are busy scrambling to put together an offer Cliff Lee can't refuse. In five days Lee will be a free agent, so they have no time to waste. Problem is, the Rangers don't have "can't refuse" money. They have Rangers money, which is to say, they have money they owe A-Rod. At this point, the Rangers are better off using any extra money that have to signing Hamilton and Cruz to extensions (I don't know anything about what sorts of contracts those guys have, so that suggestion might not make any sense).
In New York, or Tampa, Cashman should be getting a budget of just how much he has to spend on Jeter, Rivera, Cliff Lee, and maybe, just maybe, Hideki Matsui and Johnny Damon. They have track records. Now, there is no way to know for sure what that budget is, but it is safe to say that it will raise calls for a salary cap once more. In fact, this could be the year the Yankees break Baseball.
Meanwhile, in Arkansas, Cliff Lee's wife is complaining about Yankees fans and dropping subtle hints like, "It's so nice living close to home." This enrages Cliff Lee, a proud man. A man who throws a ball for a living. A man who throws hard. Lee is calling his agent, saying he will not accept any offer from Texas, no matter how ridiculous. Gotta love the institution of marriage.