Joel Sherman of the New York Post writes what we already know:

The Yanks can begin revealing that answer as today turns to Friday at 12:01 a.m. It has not been the Yanks’ history to brandish a theatric offer at one minute past midnight. Nevertheless, sometime tomorrow you can expect the Yankees aggressively will extend a proposal. It might not be their best and final, but Yankee insiders suggest it will be a number that says this to Sabathia: “Anything they can do we can do better – much, much better.”

One Yankee executive said, “we have to separate ourselves.” Translation: They must divest Sabathia of his dreams of the Pacific and the batter’s box by going to a financial region relatively quickly that no other franchise would even consider, especially in this plummeting economy.

That means a bid north of the six years at $137.5 million the Mets bestowed last year on Johan Santana . My gut says six years at $150 million sounds about right to force league-wide surrender before the bidding really even gets started.

Can anyone else go to that financial area? The Dodgers are probably Sabathia’s dream landing spot. But there continues to be doubt that L.A. owner Frank McCourt has either the money and/or the willingness to offer near that much.

Where Sabathia winds up will come down to money and whether or not he wants to hit every fifth day. So he’ll weigh the options and then head to the Yankees.