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Yanks, Cubs bid less than $20M for Yu Darvish
Yu Darvish - S - International Player
Dec. 20, 2011 - 2:15 PM ET

According to ESPN New York's Andrew Marchand, the Yankees bid less than $20 million for Yu Darvish.

The Rangers won exclusive negotiating rights to the Japanese right-hander with a record $51.7 million posting fee. Compared to that effort, the Yankees barely even tried. Darvish, 25, posted a sparkling 1.44 ERA and 276/36 K/BB ratio in 232 innings this past season in Nippon Professional Baseball. Texas now has a 30-day window to work out a contract with him. The Cubs also bid less than $20 million, according to Marchand.