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Hal Steinbrenner, the Yankees' managing general partner, said earlier this month that the club was prepared to make a substantial offer to Cano, who can become a free agent after the season.
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"But when it comes to stepping up and making a substantial offer, I would be surprised.
Portland made a substantial offer to Lee in late July, but he turned it down.
The Yankees have said they have made a substantial offer to Cano, but he hired Van Wagenen afterward.
Villa have made a substantial offer, believed to be about £7m, and Watford would no doubt be delighted if the price continues to escalate in a bidding war.
They have made a substantial offer and are expected to sweeten it, perhaps to as high as $25 million per season over seven or eight years, but that may not be enough to satisfy Cano.
Despite optimistic signals that Rupert Murdoch's UK subsidiary had made a "substantial" offer that was close to being accepted by the Welsh singer and her family, crucial differences between the two sides have not been sufficiently resolved.
During the renegotiation in 2011, Microsoft made a substantial offer to replace Google with its Bing search engine; Google, though, outbid it and now pays an average of $22m per month.
The trade magazine Broadcast reported the BBC had made a "substantial offer" to her.
Unlike the Yankees, the Jets have offered to make a substantial financial contribution, $800 million.
The international focus on health system strengthening and on universal health coverage represents an excellent opportunity to draw attention to the neglected burden, and to offer solutions to make a substantial impact on death and disability from women's cancers.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com