Bill Madden reports:

Bad as it was to be sacrificing Hughes, Cashman told the Yankee high command, look at what the payroll was going to be now if they added $20 million-$21 million for Santana on top of the $16 million they just tacked on with Pettitte. At that point, there was considerable internal debate as to whether to proceed with Santana even after the Twins had backed off from Kennedy and picked Marquez, who is regarded as a second-tier pitching prospect, and Hilligoss, a Wade Boggs-type singles-hitting third baseman who did have a 35-game hitting streak last season and led the South Atlantic League in hits.

In the end, Cashman prevailed, convincing Hank and Hal Steinbrenner of something he could never have done with their dad - that trading for Johan Santana was simply too expensive for the New York Yankees. Left unsaid was why the Yankee payroll is once again out of hand. For starters, there's the $10 million that is being frittered away on Carl Pavano next season and another $4 million for Kei Igawa that is separate from his $26 million posting fee. And had Cashman not chosen to let Jorge Posada and Mariano Rivera play out the season before dealing with them as free agents, he would have saved at least a year and a couple of million apiece on their contracts.