JUPITER, Fla. — Brian Cashman didn’t have an update — or much optimism — on Gerrit Cole’s condition one day after the Yankees ace said he was “concerned” about his elbow.

The New York Yankees could have to eat a large chunk of money in order to replace their injured ace, Gerrit Cole.

This time of year, very little is available,” Yankees general manager Brian Cashman said Tuesday, when his ace, Gerrit Cole, ...