
The New York Yankees went into last offseason with several question marks and positions that needed to be addressed. The Yankees, who failed to make the postseason and finished in third place in the American League East in 2008, had holes in their starting rotation and an opening at first base; it was clear that the front office had no intention of bringing back Jason Giambi. Luckily, the crop of free agents available set up perfectly to their needs.
New York took advantage of its tremendous financial resources and the favorable free agent market, signing the best two starting pitchers (A.J. Burnett, CC Sabathia) and premier bat (Mark Teixeira) on the open market. Since there was so much money coming off the books, the Yankees were able to do so and actually reduce payroll. While there is still a lot of downside risk with each contract, New York was commended for bucking its recent trend of going after quantity and instead landing three of the top free agents. In year one at least, the investments paid off. The Yankees won 103 games during the regular season and ended up taking home their record 27th World Series title.
Coming off a championship and given the state of the relatively weak free agent class of 2010, it is unlikely that the New York front office will spend nearly as much this winter. The Steinbrenner brothers will likely want to reduce payroll yet again—for fiscal reasons as well to avoid any more backlash for scooping up all of the top free agents.
Plus, there are only two free agent players—Matt Holliday and John Lackey—worth a long-term investment in the salary range of even Burnett (five years, $82.5-M). Holliday, when factoring in his age, baserunning, defensive value and offensive output, is by far the top position player and the player with the least amount of downside risk. As a Scott Boras client, though, he is not going to come cheap and would likely see a performance drop off moving into the premier division in baseball, the A.L. East. He would certainly be an upgrade on both sides of the ball over incumbent left fielder Johnny Damon, also a Boras client, but it is unlikely that the Yankees will make a serious run at him.
With Lackey, on the other hand, there are injury question marks and it is doubtful that New York would take another long-term gamble with a pitcher, given how much money will be tied into Burnett and Sabathia over the better part of the next decade. In addition, the 2011 free agent class is expected to be much stronger, with the supply likely to make prices more reasonable. So, the franchise could choose to do what it did in the Johan Santana sweepstakes and simply wait a year to make another huge splash in free agency.
Perhaps most notably, though, the Yankees do not have as many pressing needs. The club could certainly improve the backend of its starting rotation, seeing as how they got by on a three-man staff during the postseason. Youngster Phil Hughes, who excelled as a setup man to Mariano Rivera, could always slide back into a starting role, as could Joba Chamberlain. Plus, the seemingly forgotten Ian Kennedy and a few other internal options provide depth. Still, the team will probably go after a lower-risk, middle-tier pitch or potentially look to the trade market to add another starter. Clearly, how aggressive the Yankees are in that regard will depend on whether or not they can bring back Andy Pettitte, who would be unlikely to sign with another organization if he chooses to keep pitching. Assuming that Pettitte comes back, New York boasts a much more complete pitching staff than it did this time last November before the free agency period began.
The other two pressing questions facing the Yankees are the statuses of Damon and free agent designated hitter Hideki Matsui. Initial reports suggested that the front office plans to resign only one player out of that duo, with Damon, given his ability to play defense, the more logical option.
Matsui, 35, had a fine campaign, batting .274/.367/.509 with 28 home runs, 90 RBIs and a 131 OPS+. The left-handed-hitting veteran then had an outstanding performance in the playoffs, but Brian Cashman is on record as saying that he will only base decisions on how each pending free agent performed before October. Given the sample size issue, that is the right strategy, as evaluating a player on a few weeks of at-bats, regardless of how he performed, would be myopic. Thus, as difficult as it may be for sentimental Yankees fans to say goodbye, doing so (assuming that Matsui generates enough demand to merit a three-year contract) will be the right business decision. He offers no flexibility on defense and New York will eventually need that DH spot as an option for its star core as players such as Jorge Posada, Alex Rodriguez and Teixeira age and decline on defense. Plus, the free agent market—especially with many non-tendered candidates expected to join the ranks—is going to be filled with productive hitters who offer little value on defense, with the supply of solid all-hit, no-field players expected to exceed the demand of American League teams that have a hole at DH. Granted, that could bring the asking price down for Matsui, but given his postseason exploits, he should generate a few lucrative offers.
Boras is floating around some crazy numbers for Damon, who is now on the wrong side of 35 as well. The veteran outfielder, though, is also coming off a productive season offensively. He hit .282/.365/.489 with a 126 OPS+ and .376 wOBA; according to FanGraphs, he graded out 25.3 runs above average with his bat. Although he produced a -9.2 UZR defensively, he can still at least fake left field a lot better than Matsui can. So, if he can be had for a somewhat reasonable amount, he will be worth bringing back. Indeed, although he is likely to regress on offense (Bill James projects his wOBA to fall to .348), he still projects as a 2.0-win player going forward. It will be interesting to see what happens with Damon and Matsui, but odds are Damon will be the one to return to the Bronx. If Matsui indeed leaves, the team will have an opening at DH, which should not be too difficult to fill.
The Yankees truly had an incredible lineup in ’09, with every regular producing at least 2.0 WAR. The most obvious lacking position that Cashman could attempt to address, however, is center field. Melky Cabrera and Brett Gardner formed a decent enough platoon at the position, combining to post 3.7 WAR.
While Cabrera had his moments, though, he is really not good enough to play everyday on a championship-caliber club like he was forced to do this year. His line of .274/.336/.416 certainly did not do a whole lot of damage to the Yankees’ explosive offense from the nine spot in the lineup. Indeed, there are several teams that would welcome that kind of production from its number nine hitter. However, he still produced a below-league average OPS+, 99, for the third straight season and his .331 wOBA was good for just 1.6 runs above average. That kind of offense is fine for the position, of course, but he is not exactly a premier defender, either. In fact, he graded out a tick below average (-1.6 UZR, -2.0 UZR/150) and is in the red in UZR for his major league career. Overall, the homegrown product still managed 1.6 WAR, but a team like the Yankees can do better considering that his upside is that of a 2.0-win player.
Gardner, who is actually a year older than Cabrera, was a valuable asset for the Yankees in his first full crack at the highest level in his own right. He hit .270/.345/.379 in 284 plate appearances with 26 stole bases in 31 chances, scoring 48 runs in 108 games. Most of his value comes from his plus defense, however, as he produced a stellar 7.2 UZR and 15.4 UZR/150 in 628.1 innings in the field. Plus, he was a great baserunning option off the bench in the late innings.
Thus, the Yankees could go into spring training with the same duo in center field and be fine. However, Cabrera is not an everyday player and Gardner, thanks to his defense, is better suited as an outstanding fourth outfielder.
New York had one other hole in its lineup, backup catcher Jose Molina, who is also a free agent. Molina, Burnett’s favorite catching target, offered nothing on offense and is practically a guaranteed out. Internal reinforcements for that position are on the way—Jesus Montero, despite concerns about his defense, is one of the best-hitting prospects in the minors, and then there is Austin Romine—but the team could try and upgrade with a stopgap until they are definitely ready as a backup to Posada, who should see more time at DH next season.
Clearly, the Yankees do not have many weaknesses. Unlike previous seasons, the most complete and premier team survived the crapshoot nature of the eight-team postseason tournament and won the World Series. Thus, there are not as many pertinent issues facing Cashman as there have been in recent past. While there is no stopping the team from simply going all out again and getting Holliday to replace Damon in left field, it would be somewhat shocking to see the Steinbrenners spend nearly as much as they did last offseason for the aforementioned reasons.
That said, Cashman is not going to rest on his laurels and there are some lesser-tier free agents worth pursuing for what the Yankees need. Two names that come to mind are Mike Cameron and Nick Johnson.
New York nearly acquired Cameron from the Milwaukee Brewers last winter. According to reports, Milwaukee would have received Cabrera and potentially Kei Igawa in exchange for the veteran center fielder. Doug Melvin would not agree to send money along in the deal—after seeing the Yankees dwarf the Brewers’ offer for Sabathia, the nerve of Cashman to expect money to be included reportedly set him off the edge—and the talks broke down. New York reopened talks with Milwaukee before in August, but again the two sides failed to work something out.*
*It is hard to be critical of the Yankees, seeing as how they won the World Series. However, the team would have been even better had they had Cameron roaming center field. Since money is not believed to be an issue, it was surprising that the team did not pull the trigger.
In other words, the Yankees have had their eyes on Cameron for a while and obviously think highly of his defense and power combination—rightfully so. Cameron is a notoriously underrated player because of his .250 career batting average and high strikeout totals; he has struck out in 27.9 percent of his career plate appearances. However, he makes up for those deficiencies with his on-base skills (11.4 career BB%) and power (.198 career Isolated Power). His output has also been suppressed by unfavorable home hitting environments, but he has produced strong park-adjusted OPS+ totals over the past several seasons.
Here are his OPS+ numbers since 2005:
2005: 114
2006: 121
2007: 104
2008: 111
2009: 111
During that time span, Cameron has graded out 51.8 runs above average. Although he would regress moving over to the superior American League, hitting in Yankee Stadium would help.
Not only that, most of Cameron’s value comes from his outstanding outfield defense. He has been one of the top defensive center fielders in the majors the past two years, producing UZR/150 totals of 15.6 and 10.3 in 2008 and ’09, respectively. In large part due to the defense, he has produced 8.3 WAR (valued at just under $40-M) during that two-year span.
The Yankees have Austin Jackson coming up in the wings, but the team would be wise to offer Cameron a high annual salary and try to bring him in a one-year deal. Given his age and the perception that he is only a complementary piece, doing so should be plausible.
Jackson will be the Yankees’ long-term answer, but he still has a lot of work to do refining his skills as a hitter. According to Yankees’ prospect expert Mike Axisa of the popular Yankees blog River Avenue Blues, he will probably not be ready for a full-time role until ’11. “Jackson still needs more time in Triple-A just for the reps,” Axisa says. “He needs to keep working on his swing and pitch recognition, and he probably won’t be the regular center fielder for the Yankees until 2011.”
In the meantime, Cameron could serve as an excellent stop gap. He is going to be 37 next season, so his age is a legitimate concern. The Yankees really should try to get younger this winter any place they can, and this move is inconsistent with that mindset. His defense will make him a worthwhile investment even if falls off the table offensively, though, so he could be a logical match in Pinstripes and he would only be a short-term addition. Also worth mentioning, he is a Type B free agent, so he will not cost the team that signs him any draft pick compensation.
If the Yankees do end up signing Cameron, that will not be enough. He could simply move over to left field, keeping the Cabrera/Gardner (who is equally as talented defensively) in tact. He would be a better fit to take over in center, though, with Gardner spelling him on occasions and against right-handed pitching. That leaves Cabrera, whose bat does not play nearly well enough on a corner, as the odd man out and an opening in left field assuming the team does not re-sign Damon, which would become more of a priority. “Yeah, signing Cameron would not be enough on its own to replace Damon,” Axisa says.
Staying on the field has been an issue for Johnson, but a return to New York makes sense for him as well. His patient approach (career .402 on-base percentage) would fit in perfectly with the Yankees’ offensive approach, and, despite being only 30 years old, his injury history will scare teams from giving him a long-term contract offer. In a short-term situation, the Yankees could outbid any team, and, for one year at least, he could be a great DH fit for them since he can still play first base if needed and open up the position for one of the Yankees’ other sluggers. The difference between him and Matsui offensively is not that great, and he is likely to come cheaper.
The free agent class of ’10 is not too deep, and the Yankees are pretty set with their roster outside of a few exceptions. It is unlikely, therefore, that Cashman will really go out and spend so much on free agents again, but there are a few avenues for the team to get even better if he so chooses.