But free agents can negotiate with other clubs starting today, and Lowell, the 2007 World Series MVP, is still a free agent. And the Yankees intend to capitalize on that development — which, in turn, could push Alex Rodriguez toward the rival Red Sox.

The Yankees will reach out to Lowell, who grew up in their farm system, and in short time, they could make him an offer.

"He's a player were going to certainly talk to," Cashman said yesterday.

Cashman already has held extensive discussions this month with Lowell's agents, Sam and Seth Levinson, because the brothers also represent Jorge Posada, whom the Yankees re-signed.

The Red Sox have made a three-year offer to Lowell, reportedly for about $12 million per season. But Lowell apparently thinks he can get a four-year deal in the open market.

Cashman, since gaining full control of the Yankees in May 2005, has been conservative — from a years standpoint — in his contract offers to other teams' free agents. So he might not embrace the idea of committing four years to Lowell, who will turn 34 in February 2008 and who hit far better in Fenway Park than on the road this past season. But Lowell is an excellent defender, and his right-handed bat would balance the Yankees' predominantly lefty lineup.