Breaking News: The Yankees have not signed Cliff Lee yet. More info to follow....
1:52pm Update: It still appears that Cliff Lee has not been signed:
"I would like to sign him." Explained Yankees GM Brian Cashman. "Contract negotiations take time. I have to go to the players house, talk about a contract, agree on figures, go fishing, things move slower down south. Everyone just needs to relax."
4:25pm Update: As of this update, Cliff Lee has not been signed. The good news is that no other team has signed him, meaning that the Yankees are presumably still in the runnings. The bad news is that he hasn't signed with the Yankees meaning that there are 29 teams presumably in the runnings as well. Okay who am I kidding, there's really like 4 or 5 teams, none of which can compete financially with the Yankees, but still.
Cashman was asked if a Cliff Lee signing would be done before 5pm Eastern time when many Yankee fans would be getting out of work. Cashman said "No". This would be fine if there was other news to keep us preoccupied, but there isn't. Just recycled stories about how Jesus Montero could compete for the catching role in Spring Training. The Cliff Lee watch continues.