New York Yankees general manager Brian Cashman announced Thursday that the club will go to arbitration with reliever Dellin Betances after the two sides failed to agree on a salary for the 2017 season.

Betances, who is in his first year of arbitration eligibility, requested $5 million, while the Yankees countered at $3 million. An arbiter will now be forced to decide his salary.

"Based on all our discussions, it was clear that there were different perspectives and such a wide bridge, so we'll go and basically have a polite discussion about market value and history of where the marketplace sits versus attempts for new market creation," Cashman said, according to Mike Mazzeo of the New York Daily News.

The 28-year-old has been an integral part of the Yankees' bullpen over the past three seasons and is one of the top relievers in the majors. In 73 appearances last year, he posted a 3.08 ERA, 1.12 WHIP, and 126 strikeouts while also converting 12 saves.

Cashman acknowledged that there has been some thought of inking Betances to an extension, but doesn't expect anything to happen at this time.

Betances earned $507,500 in 2016.