NEW YORK -- Another shot of reality potion, on the rocks, is what New York Yankees president Randy Levine has ordered for the representatives of Robinson Cano as agent Jay Z and his team are reportedly holding fast to their demand of a 10-year contract worth $310 million.

"We want Robbie back; we think Robbie is terrific," Levine said Tuesday in a telephone conversation with ESPNNewYork.com. "But we have no interest in doing any 10-year deals and no interest in paying $300 million to any player. Until he gets a little more realistic, we have nothing to talk about.''

On Monday, ESPNNewYork.com reported that Cano's agents, Brodie Van Wagenen of CAA and hip-hip mogul Jay Z, were holding firm to their demand that Cano receive the richest contract in baseball history, surpassing the 10-year, $275 million deal -- with another potential $30 million in performance bonuses -- that the Yankees gave to Alex Rodriguez after he opted out of his existing contract following the 2007 season.

Levine's comments come on the heels of Jay Z meeting with New York Mets brass. The New York Post reported, and ESPN.com confirmed, that Jay Z met with chief operating officer Jeff Wilpon, general manager Sandy Alderson and assistant GM John Ricco for dinner Monday night to discuss the free agent.

A source told ESPN.com that the Mets were surprised the meeting leaked to the media so fast and understand that their interest could be leveraged to drive up Cano's asking price.

Levine's response echoed the words of Yankees owner Hal Steinbrenner, who said in October that the Yankees were "not prepared'' to sign Cano to a 10-year deal.

Cano's agents seek to market him as "the next Michael Jordan," according to a New York Daily News report, citing unnamed sources.

The back and forth also is reminiscent of the 2010 contract negotiations with Derek Jeter, which turned ugly when a team official famously advised the Yankees captain to "drink the reality potion'' after his agents reportedly demanded a four-year deal worth between $23 million and $25 million a season.