Dec 22, 2008 10:10 AM EST

A report out of the Dominican Republic late Sunday claims that the Yankees could be poised to complete a deal with Manny Ramirez sometime this week.

The newspaper, Impacto Deportivo, stated that Ramirez is close to signing a three-year, $75 million contract with the team.

Yankees general manager Brian Cashman shot down the report early Monday.

"Not true," Cashman wrote in a text message.

Via MLB.com