The Yankees must either conclude a deal today or agree to another extension that would give both sides more time to negotiate.
The Yankees traditionally import stars and agree to pay them lavishly for years.
The Yankees have agreed to give Jeter a 10th year in his contract.
The Yankees agreed yesterday to pay $30 million to take back their exclusive television rights and start their own network in time for next season.
That was perceived as an unfair edge, and the Yankees agreed to show the speeds publicly.
Gardner and the Yankees agreed on a $2.8 million contract for the 2012 season, avoiding arbitration.
The Yankees would never agree to a contract longer than four years.
The Yankees are also agreeing to cover any cost overruns on the new stadium.
For instance, officials said that the Yankees had "agreed to consider" financing some work under the plan.
The Yankees, however, agreed to pay a large part of the salary earlier than they normally would.