"People just have to understand that everybody does business in a different way," Steinbrenner said to reporters following Tuesday's news conference to announce the details of the inaugural Pinstripe Bowl. "I just don't believe in contract extensions, and that's throughout the organization, no matter who it is. Hopefully, nobody takes that personally, it's just business."
Steinbrenner did say that he has expressed to each his desire to keep them with the Yankees, but he will deal with their individual contracts after the season, as has been club policy in the past.
"I've got a great relationship with them all," Steinbrenner said. "I've expressed to all of them that, 'You're part of the Yankee family and you're wanted. It wouldn't be the same without you.' But as far as no extensions, it's a business policy of mine."
Jeter, entering the final year of a 10-year, $189 million deal, and Rivera, in the last of a three-year, $45 million contract, are both eligible for free agency after the season. Girardi's three-year contract is also set to expire after 2010.
Bailey Stephens is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.