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Saturday, November 23
Updated: November 26, 7:17 AM ET
Three-way deal would center around Neagle news services

NEW YORK -- The Yankees, Mets and Rockies have talked about a three-way deal that would send Colorado pitcher Denny Neagle to the Mets, the Daily News reported Saturday.

Each of the three teams would pay a share of Neagle's contract, the News reported. Neagle has struggled in Colorado and has at least three seasons left on a contract that will pay him at least $37 million.

Yankees outfielders Raul Mondesi and Rondell White and Mets outfielder Jeromy Burnitz also could be involved in a deal, the newspaper said, citing several unidentified baseball sources.

Neagle, a left-hander who previously played for the Yankees, was 8-11 with a 5.26 ERA last season.

The Mets and Yankees declined comment to The Associated Press on Saturday. Calls to the Rockies were not immediately returned.

The Yankees would acquire no players in the deal but would gain salary-cap and luxury-tax relief, the story said. According to the report, the deal would help the Yankees reduce their payroll by almost $9 million by replacing Mondesi and White's salaries ($12 million) and putting it toward Neagle. Over three years, the Yanks' overall savings would be $2 million.

"It's a pretty creative idea," one baseball source told the Daily News.

The Rockies have been active this offseason. They already traded Mike Hampton and his big contract to Florida, which then dealt the left-hander to Atlanta. Also, a proposed trade between Colorado and Arizona fell apart when two players, Larry Walker of the Rockies and Matt Williams of the Diamondbacks, vetoed it.

According to the Daily News, the teams' general managers -- Brian Cashman of the Yankees, Steve Phillips of the Mets and Dan O'Dowd of the Rockies -- had been involved in phone conversations Friday about the deal, the Daily News reported.

The Associated Press contributed to this report.

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