According to Joel Sherman of the New York Post Yankees executives say "there is almost zero chance that Hideki Matsui will be re-signed after the season." Even a strong finish this season wouldn't figure to be enough for the Yankees to bring Matsui back, because they want more roster flexibility. Players like Jorge Posada, Derek Jeter and Alex Rodriguez could all benefit from DHing at times, but that's difficult if Matsui can't play in the field regularly. Matsui has said he would like to remain a Yankee and he gives the team a presence in the Japanese market.
Sherman suggests there's no guarantee Matsui will be able to make even a few million dollars next year and says the traditional positionless DH has a limited place in the game now. Matsui will make $13MM this year.