Winter Meetings Day Four Open Thread

(Scott Cunningham/Getty)

The Winter Meetings officially come to a close today, and the rumor mill should start to dry up around noon (probably sooner) after the clubs flee the Gaylord Opryland. The two biggest free agents (Zack Greinke & Josh Hamilton) are still on the board and the Yankees haven’t done a thing other than announce Alex Rodriguez‘s new hip injury. Somehow they’re actually going to leave this week with more questions than when it started.

The Rule 5 Draft starts at 10am ET and I’ll have a liveblog up for that, but otherwise this is your thread for various Yankees-related rumblings throughout the day. Here are Monday’s, Tuesday’s, and Wednesday’s rumors. All times are ET.

  • 3:49pm: The Yankees have not contacted the Padres about Chase Headley, which is a little surprising. Even though San Diego says he’s off-limits, you’d think they’d at least ask to hear it from the horse’s mouth. [Chad Jennings]
  • 12:06pm: The Yankees spoke to the Mets about R.A. Dickey this week, but apparently they didn’t have the right pieces to swing a trade. I can’t imagine the PR hit the Mets would have taken had they dealt the reigning Cy Young Award winner to the Bronx. [Andy Martino]
  • 10:53am: The Yankees did not inquire on Michael Young because they don’t believe he can handle third base full-time. Can’t say I disagree. [Joel Sherman]
  • 10:49am: Cashman met with reporters during the Rule 5 Draft and said he’s been engaged in trades more than free agents so far. [Chad Jennings]
  • 8:40am: Curtis Granderson is one of five players the Phillies are targeting for their center field opening. It’s unclear if (or how much) the two sides have talked and what Philadelphia could give up in return. [Danny Knobler]
  • 8:00am: Agents who have spoken to the Yankees get the impression that a clamp has been placed on the team’s spending. Brian Cashman is supposedly frustrated by his inability to act and is working with ownership to see what he can spend. This is ridiculous. [Joel Sherman]
  • Veteran infielder Alex Gonzalez is in the team’s mix of third base candidates. The 35-year-old has some pop, but he’s a sub-.300 OBP candidate. Gonzalez is coming off surgery to repair a torn ACL and was considered a strong defender at short, though he’s never played a big league game at another position (even DH). The Yankees need to see him work out following surgery before discussing a contract. [George King]
  • The Yankees are open to discussing Phil Hughes and Ivan Nova in trades. This isn’t that surprising, they’ve always been a team that will listen on pretty much every player. [Andrew Marchand]
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Update: Cubs agree to sign Nate Schierholtz

9:30pm: Schierholtz has agreed to a one-year contract with the Cubs according to Jerry Crasnick. So much for that.

8:24pm: Via Joel Sherman: Free agent outfielder Nate Schierholtz has an offer in hand from the Yankees. He says it’s believed to be the first offer the team has made to a position player this offseason. Progress!

Boras confirms no extension talks for Robinson Cano

Scott Boras took over the hotel lobby earlier this evening to discuss a number of topics with the media, and during the scrum he confirmed that he has not had any talks with the Yankees about a contract extension for Robinson Cano. That’s not terribly surprising, but it’s an update straight from the horse’s mouth. Given the market inflation we’ve seen so far this winter, it seems all but certain that Robbie will be able to fetch $200M+ on the open market next year.

Update: Yankees may or may not have been high bidder for Keppinger

4:35pm: Conflicting reports! Buster Olney says the Yankees never did make Keppinger an offer. I suppose they could have floated the idea of … whatever. They didn’t sign him, end of story.

4:03pm: Heyman says the Yankees actually offered Keppinger more than the three years and $12M he took from the ChiSox. I assume he took the full-time job over the utility infielder gig.

1:30pm: Via Jon Heyman & Ken Rosenthal: The White Sox will sign Jeff Keppinger to a three-year contract worth $12M. The Yankees had a lot of interest in Keppinger following Alex Rodriguez‘s new hip injury, but there was no chance they were going to three years. Scratch a name off the infield list.

The Yankees, patience, and market changes

(Jared Wickerham/Getty)

If there’s one thing that’s held true during Brian Cashman‘s tenure in recent years, it’s that he’s very willing to practice patience. He’s waited out both the free agent (Hiroki Kuroda, for example) and trade (Bobby Abreu) markets to get better than advertised prices, and for the most part it’s worked out wonderfully. As he indicated to reporters yesterday, patience is again his primary tactic this offseason.

“The preference is always to get your problems solved and get them fixed,” said Cashman. “But the realistic side of that is that it’s going to take time and you have to solve it over time. If you don’t feel comfortable with the solution, you shouldn’t solve it until you feel comfortable. I’m prepared to drag this thing out.”

Patience was a fine approach these last few years but times have obviously changed. The market is flush with cash thanks to the new television deals and the inability to funnel money into the draft and international markets, so Major League free agents are getting paid handsomely. As the Yankees preach patience, the players they want are no longer falling into their laps. Eric Chavez won’t be there to sign in February because he took a $3M deal from the Diamondbacks, more money than New York paid him in the previous two years combined. Jeff Keppinger, another one of the team’s targets, actually took less money to sign with the White Sox for whatever reason.

“I think that we’ll be in a position, I would think, to leave here with doing something,” added Cashman. “But that doesn’t mean we will. I want to come here every time I go to the Winter Meetings, I want to get something done. I’ve been disappointed many times leaving, but that’s not going to make me do something.”

The Yankees are scaling back their spending as the price of talent is going up, and that’s a very bad thing. They don’t have the internal pieces to plug their various position player holes — a major black mark on Cashman & Co. given his constant preaching of building through the farm system — meaning they are at the mercy of the free agent market. Maybe the patient approach will work and some new targets will surface in the coming weeks, but right now it’s tough to see how the Yankees will go into next season with something other than a significant downgrade on the offensive side of the ball. After enjoying the benefits of patience, this new market might be the one that leaves Cashman empty-handed at the end of the winter.