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Rockies have spoken with Yankees about Ubaldo Jimenez

Los Angeles Dodgers v Colorado Rockies

DENVER, CO - JUNE 12: Starting pitcher Ubaldo Jimenez #38 of the Colorado Rockies got off to a rough start by giving up a grand slam home run to James Loney of the Los Angeles Dodgers in the third inning on June 12, 2011 at Coors Field in Denver, Colorado. (Photo by Marc Piscotty/Getty Images)

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The Rockies still feel like they’re in contention in the weak National League West despite an ugly first half and haven’t fully committed to selling off pieces. But that could change as the July 31 non-waiver deadline approaches, and one player drawing league-wide interest is right-handed ace Ubaldo Jimenez.

According to Jon Heyman of SI.com, the Yankees have engaged in discussions with the Rockies’ front office about acquiring Jimenez. The Red Sox, Tigers, Reds and others have also been linked.

Jimenez signed a team-friendly contract extension with Colorado in January 2009 that calls for a bargain $2.8 million salary this season, a $4.2 million salary in 2012, and contains affordable club options for 2013 ($5.75 million) and 2014 ($8 million). If the Rockies were to deal the 27-year-old right-hander, it wouldn’t be about dumping salary. It would be about seizing the opportunity to cash in on a high demand for quality starting pitching. Which means they’ll be asking for a boatload of young talent in return.

The Yankees might not be prepared to meet the asking price. According to Heyman’s source, young pitchers Manny Banuelos, Dellin Betances and Ivan Nova have been deemed off-limits. Jesus Montero, on the other hand, may be available and has reportedly piqued the interest of the Rockies’ front office.

Jimenez has registered an underwhelming 4.08 ERA in 18 total starts this season, but he has a 2.56 ERA and 54/13 K/BB ratio in 59 2/3 innings since the start of June and garnered Cy Young Award votes in 2010.