So let’s say – speaking hypothetically, Hal – the Yankees do indeed lower their payroll heading into the 2026 season. Obviously, they still intend to contend and they probably have enough talent to be a playoff threat.
But what would their winter look like if they forgo spending mega free agent dollars and work to improve on the margins only? They of course will reap benefits from an eventual Gerrit Cole return to an already-plus rotation, in addition to the usual Aaron Judge awesomeness and a roster with other strong points.
Even so, they could use a Cody Bellinger return, bullpen fortification, a righty, defense-first first baseman and perhaps a stop-gap starter. Maybe a utility player, too.
How does that all work in an offseason in which the owner, Hal Steinbrenner said, “Would it be ideal if I went down (with the payroll)? Of course. But does that mean it’s going to happen? Of course not. We want to field a team we know could win a championship, or we believe could win a championship.”
With that in mind, here are some suggestions for the Yankees if we remove boldface free agent names such as Bellinger and Kyle Tucker from their options.
Yeah, we know fiscal restraint doesn’t fit some folks’ “Act like the Yankees and spend big” worldview, but this is just one potential spending scenario in a Hot Stove winter where all things are possible. Heck, maybe it means they’re saving it up for next winter and a free-agent run at Tarik Skubal. Oh, now you’re interested.
Outfield options
This is easy. They want Bellinger back, but he’s so versatile and so skilled in multiple baseball departments that he’s in high demand. For instance, Met fans would love it if he were another Yankee relocation to Queens. So if Bellinger goes elsewhere, what do the Yanks do on the grass?
Nothing.
Not sexy, we know. Signing Tucker would bring sizzle. But that might be $100 million more than whatever Bellinger costs. If the Yankees are trying to tamp down the payroll, they have choices here. Judge plays right, Trent Grisham, who accepted the qualifying offer, is back in center and Jasson Domínguez and/or top prospect Spencer Jones figure it out in left field.
Swing-and-miss is a part of Jones’ game, yes. But so is admirable athleticism and dizzying power. He had a .932 OPS and 35 homers across two minor league levels last season. Might be time to find out what he’s got.
“The Martian” might not have had the otherworldly (get it?) rookie season Yankees fans would have wanted. But Domínguez was once the most-hyped prospect in the world and one season doesn’t say it all about his career. Might be time to find out what he’s got, too.
If the Yanks do re-sign Bellinger, they could put Jones, Domínguez, and perhaps even Grisham into the trade carousel to address other needs.
Pitching ponderables
With Cole and Carlos Rodón both starting the season late, the Yanks need rotation depth to add to Max Fried, Cam Schlittler, Luis Gil and Will Warren. They re-signed Ryan Yarbrough, who will help, and could examine other lower-level free agents, too.
We’re thinking of names such as Tyler Mahle (2.18 ERA in 16 starts with Texas last season). The righty allowed only five homers in 86.2 innings and home run suppression skills could help in Yankee Stadium. Righty Adrian Houser revived his career with 11 sharp starts with the White Sox, though he had less success after a trade to the Rays.
Across their history, the Yanks have thrived at bringing in older stars who made their name with other teams, dating way back to the days of Johnny Mize or Enos Slaughter. Could they do it with one from this duo of the Cooperstown-bound ageless hurlers Max Scherzer or Justin Verlander? Might be a fun one-year deal for either.
As for the bullpen, the Yankees have vacancies left by Devin Williams and probably Luke Weaver, who is a free agent. The club has been really good at finding and developing useful relievers who might not be household names. They got mileage out of Ian Hamilton, for instance, and Clay Holmes bloomed under their tutelage. Do they have a few more in the pipeline?
Maybe they go that route again. If not, there are plenty of potentially-useful relief arms available and they wouldn’t be top-of-the-market outlays, including Kyle Finnegan and Michael Kopech. Could they revive former Jays closer Jordan Romano, who is coming off two poor seasons?
Also, several of the Yankees’ most highly-regarded prospects are pitchers, including 22-year-old Elmer Rodriguez, who got to Triple-A for one start last season and had a 2.58 ERA in 150 innings over three levels. Could the kids figure as inexpensive options or trade fodder?
Bench marks
A righty-hitting complement to Ben Rice at first base would be a nice pickup -- someone who can help school the slugging Rice on the defensive nuances of the position. Paul Goldschmidt redux?
Signing a utility player would fortify the bench, too. They liked Amed Rosario last season for his righty bat and he can provide coverage in the infield and outfield.
So could free agent Willi Castro, a coveted utility man last trade deadline. The switch hitter fizzled after going from the Twins to the Cubs, but he has experience at every position but catcher and first base.
