Off-Season In Review

Major League Signings

* Andy Pettitte, SP: one year, $11.75MM
* Nick Johnson, DH: one year, $5.75MM. Includes $5.5MM mutual option for '11 with a $250K buyout.
* Randy Winn, OF: one year, $1.1MM.
* Total spend: $18.6MM.

Notable Minor League Signings

* Marcus Thames, Mike Rivera, Jason Hirsh, Dustin Moseley, Royce Ring, Reid Gorecki

Trades and Claims

* Acquired Rule 5 pick OF Jamie Hoffmann for RP Brian Bruney
* Acquired OF Curtis Granderson from Tigers, giving up SP Ian Kennedy, CF Austin Jackson, RP Phil Coke
* Acquired SP Javier Vazquez and RP Boone Logan from Braves for P Arodys Vizcaino, LF Melky Cabrera, and P Michael Dunn
* Acquired OF Greg Golson from Rangers for 1B Mitch Hilligoss

Notable Losses

* Johnny Damon, Hideki Matsui, Melky Cabrera, Chien-Ming Wang, Phil Coke, Brian Bruney, Austin Jackson, Ian Kennedy, Arodys Vizcaino, Jose Molina, Eric Hinske, Jerry Hairston Jr., Xavier Nady, Kevin Cash, Shelley Duncan, Mitch Hilligoss, Michael Dunn, Josh Towers

Summary

The Yankees limited their free agent spending this offseason, making only two major moves in Pettitte and Johnson. They kept both to one-year commitments. GM Brian Cashman was an active trader in adding Granderson and Vazquez, and he didn't surrender a ton or take on ridiculous contracts. Cashman's fine offseason was not about payroll clout this time.

CHONE projections have the new Yankee lineup scoring over 5.8 runs per game. Even if that's optimistic, it still looks like the best offense in the league. The addition of Vazquez plus Phil Hughes possibly replacing Joba Chamberlain is likely to push the Yankees' rotation ERA below 2009's 4.48 mark. Cashman should be applauded for affordably improving upon a World Series champion, at least on paper.

Offseason In Review Rumors: MLB Rumors - MLBTradeRumors.com