At the very least, the Yankees have Robinson Cano and Curtis Granderson locked up for the 2013 season.
If neither signs a long-term deal, they will be eligible for free agency after next season. Both players will be paid $15 million.
The Yankees have contemplated going against the club's usual policy by trying to reach a long-term contract before Cano hits the open market after next season.
They also exercised the option on reliever David Aardsma.