Source: Yanks can wait on Girardi

NEW YORK -- With no word on whether Joe Girardi will accept their lucrative contract offer, the New York Yankees are prepared to give Girardi as much time as he needs to decide, even if it means waiting until the end of the month, when his current deal runs out, an official with knowledge of the team's thinking told ESPN New York on Monday.

On the final day of the season, Girardi said he would like a quick resolution on his future. Girardi, who received the offer from the Yankees on Friday, has drawn interest from the Chicago Cubs and the Washington Nationals. Girardi grew up near Chicago and played for the Cubs.

Girardi is not allowed to speak officially to any other team without the Yankees' approval because his current contract does not conclude until Oct. 31. The Yankees have not commented publicly whether they would allow Girardi to speak to other clubs while they have this exclusive negotiating window, but a source told ESPN New York last Tuesday that the team would be hesitant to do so.

If talks break down, the Yankees could let Girardi speak with other teams sooner. Girardi is finishing up the contract that has paid him $9 million over the past three seasons. Mike Scioscia of the Los Angeles Angels is the highest-paid manager in baseball with an annual salary a tick above $5 million.

The Yankees have offered Girardi a raise, but there have been no reports of the exact figures. Speculation has centered around whether the contract will be for three or four seasons and how close to Scioscia's annual income the Yankees offered. It is believed a three-year deal would be for somewhere between $12 million and $15 million.

The Chicago Tribune reported over the weekend that the Cubs have told Girardi through back channels that they will outbid the Yankees. On the final day of the regular season, Girardi said finances of the deal would have nothing to do with his final decision.

Girardi, 48, has been the Yankees' manager for six seasons. He has led them to the playoffs four times and won the World Series in 2009.