MINNEAPOLIS -- Clark Griffith has lost another bid to buy the Minnesota Twins, the only one the team fielded. WCCO-Radio reports that the team rejected Griffith's $110 million offer because, as team president Jerry Bell put it, it didn't include enough cash.

Twins owner Carl Pohlad reportedly is seeking $140 million for the team that last year finished 20 games behind the leader in a weak AL Central division. That's more than three times the amount ($38 million) Pohlad paid for the team when he bought it from Griffith's father, Calvin Griffith, in 1984, according to WCCO-Radio.

Griffith made an offer about two months ago to buy the team from Pohlad. A Griffith offer of $86 million in cash for the club a year ago this month fell on deaf ears as well. That was about the time Pohlad promised to make good on a signed a letter of intent to sell the team to North Carolina businessman Don Beaver for $140 million right after the Minnesota House overwhelmingly defeated a stadium financing proposal.

"The [latest] offer wasn't substantial enough from a cash standpoint for us to consider it," Bell told The Associated Press. "If Griffith wants to come back with a different offer, we will consider it."

A group led by Griffith, a former Twins vice president and a former chairman of Major League Baseball Properties, was the only potential buyer to submit a bid before a Sept. 14 deadline, according to the wire service.