Hours after Machado reportedly agreed to a $300-million deal with the San Diego Padres, a source told James Wagner of the New York Times that the Yankees never made a formal offer to the All-Star infielder.
Machado apparently wanted to top Giancarlo Stanton's 13-year, $325-million deal, but the Yankees didn't want to offer something that large, Wagner added.
The Yankees were linked to the 26-year-old Machado for most of the offseason, even hosting him at Yankee Stadium during his free-agent tour in December.
But instead of signing Machado, Brian Cashman and Co. extended Luis Severino for $40 million, re-signed CC Sabathia, Brett Gardner, and Zack Britton for a combined $54.5 million, invested just over $51 million combined in Adam Ottavino, DJ LeMahieu, and Troy Tulowitzki, and traded for pitcher James Paxton and his $8.5-million salary.
With all of the additions, the Yankees' 2019 payroll is currently the third highest in MLB at $197,860,357, according to Spotrac.