By RONALD BLUM
The person spoke to The Associated Press on condition of anonymity because no statements were authorized. The person adds the sides may meet again Wednesday.
Cano was represented by Brodie Van Wagenen of CAA Baseball and Juan Perez of Roc Nation Sports. Jay-Z, whose Roc Nation has partnered with CAA Baseball to represent Cano, did not attend.
Yankees President Randy Levine and general manager Brian Cashman were there for the team.
Cano, a five-time All-Star, was not at the session. His agents asked earlier this year for a 10-year deal worth in excess of a record $300 million, and the Yankees repeatedly have said they have no interest in a contract of that length or total.
When the Yankees finalize an $85 million, five-year contract with catcher Brian McCann, their luxury tax payroll for 2014 will rise to nearly $115 million for eight players. New York says it would like to get under the $189 million luxury tax threshold, which includes about $177 million for salaries and the remainder for benefits.