Yankees general manager Brian Cashman recently said the return of Trent Grisham via the qualifying offer wouldn't prevent the club from pursuing a reunion with Cody Bellinger. But his sentiment on the matter then hasn't relaxed any fans bothered by the business decision now.
The speculation on Grisham's future ended Tuesday, when the veteran outfielder accepted the one-year, $22 million contract that guaranteed him a third season in pinstripes. And just two days after the falling of what could be a heavy domino, Cashman had to restate his offseason plan to those criticizing the move.
"Our first order of business, we got Grisham in the fold. One of our big hitters and defenders is back, so that solves one area of our needs," Cashman said Thursday, bundling up for his annual sleep on a Manhattan sidewalk for charity. "But we have two big important free agents who left us -- Grisham was one, Bellinger was another. We'd love to have Bellinger back."
Grisham's choice raised eyebrows across the league. Not only was he one of just four players who took the qualifying offer (nine declined), but he was also positioned to land a multi-year deal in free agency and capitalize on a breakout 2025 campaign.
Of course, the Yankees were comfortable with Grisham potentially returning -- after all, they extended him the contract two weeks ago. But the odds of the 29-year-old accepting it never seemed high, and therefore, Cashman is receiving outside flak for misreading the market value.
Cashman views the situation differently. He believes Grisham gives the Yankees "a little more comfort" and "a lot more certainty" as they search for players -- via free agency or trade -- to fill voids on their roster. He also wasn't surprised by Grishman's selection.
"I kind of thought 50-50 going into it when we made the offer," Cashman said. "We wouldn't have been surprised if he turned it down because it's a very weak outfield market... It was a close call. We made the offer because we thought if he takes it, we'd be fine if he took it and excited he's coming back because we believe he's capable of replicating what he did last year."
No matter how the winter plays out for the Yankees, they're banking on Grisham providing the same 30-homer, short-porch power he produced during a career season. But the back of Grisham's baseball card suggests his 2025 numbers were merely an aberration, as he's a career .218 hitter.
No surprise, Cashman disagrees. The Yankees anticipate an upward trajectory for Grisham, even though the baseline metrics and eye test indicate otherwise.
"All the support information backs up the changes he made are real and should continue," Cashman said. "He did it all [in New York] and he was doing home and road too. It wasn't just the Yankee Stadium effect. It came unexpected. Thankful it did."
The Yankees' sights remain on Bellinger, and if they aren't confident in Jasson Dominguez or Spencer Jones properly developing in the outfield alongside Grisham and captain Aaron Judge, there's added urgency to make a big splash before negotiations intensify.
Bellinger is one of the top free-agent outfielders, and the Yankees should label him as a proven commodity. The former NL MVP smacked 29 homers with 98 RBI and an .813 OPS in his first season in the Bronx, while playing all three outfield positions and first base as a versatile defender.
It won't be easy for the Yankees to retain Bellinger, who should have many suitors entering his age-30 season. The lefty slugger produced the second-highest WAR (5.1) of his career in 2025, and also registered a career-low strikeout percentage (13.7) in 152 games.
Brian Cashman shares he spoke to Casey Close about Kyle Tucker, Paul Goldschmidt, Michael King and Kyle Schwarber.
— Yankees Videos (@snyyankees) November 21, 2025
He shares he's also spoken with Scott Boras about Tatsuya Imai.
He has not made contact yet regarding Kazuma Okamoto. pic.twitter.com/ioO2omO2Ig