12:16pm: Steinbrenner hasn't yet approved a significant payroll boost, Joel Sherman of the New York Post reports (all links go to Twitter). It would be a one-year deal or nothing if Jackson signs in New York, even though the Yankees' baseball operations staff likes the right-hander. It appears likely that the Yankees will sign a starter like Jackson, Hiroki Kuroda or Bartolo Colon in Sherman's view.
WEDNESDAY: It was one year ago this month that Yankees managing general partner Hal Steinbrenner and agent Scott Boras worked out the deal that brought Rafael Soriano to the Bronx against GM Brian Cashman's better judgment. Jon Heyman of CBSSports.com reports that Steinbrenner and Boras met again to discuss another free agent pitcher: Edwin Jackson. Steinbrenner told the agent he'll think about offering Jackson a deal.
Steinbrenner said at the November GM Meetings that he was "still a little concerned about [the] rotation." Though Cashman has since re-signed Freddy Garcia, he continues exploring the trade and free agent markets for rotation options. Yankees scouts like Jackson very much, but are more comfortable offering short-term deals, Heyman tweets.