Yanks will bid on Halladay, cut payroll

Jon Heyman tweets that the Yankees have decided that they will in fact bid on Roy Halladay. Toronto, he says, wants some combination of Phil Hughes, Joba Chamberlain, Jesus Montero, and Austin Jackson. Meanwhile, Buster Olney says the Yanks are going to trim payroll; he’s just not sure by how much. Frankly, none of this is anything we didn’t already know, but now it’s semi-official.