The New York Yankees met with Joe Girardi's agent Wednesday and offered Girardi a significant raise to return as manager, according to CBSSports.com.
Girardi's agent, Steve Mandell, reportedly gave the Yankees some parameters for his return, and the two sides agreed to meet again Thursday.
The Yankees are paying Girardi $3 million per season. His contract expires at the end of the month.
If Girardi does not manage next season, he is considering working as a TV analyst for a year.
The Chicago Cubs are also interested in Girardi, but he has to seek permission from the Yankees to negotiate with another team while still under contract.
An Illinois native, Girardi played for the Cubs during his major league career and also managed the Florida Marlins in 2006 before he went to the Yankees in 2008.
The Yankees want to keep the 48-year-old Girardi, who guided the team to a 564-408 record, a World Series championship and three American League East titles in the past six years.