The New York Yankees have failed to reach an agreement with Hiroyuki Nakajima. Via MLB.com's Bryan Hoch:
"We unfortunately could not come to an agreement with Hiroyuki," Yankees general manager Brian Cashman said in a statement. "We wish him the best of luck during the upcoming 2012 season."
Nakajima is quoted as saying:
It is unfortunate we could not agree to a deal. I want to thank the Seibu Lions for posting me and the New York Yankees for placing a bid on me.