CC Sabathia - This is the biggest news in all the league today. As reported here earlier, Joel Sherman broke the story at abuot 4:30am - CC has accepted the offer. This comes after Newsday reported that Cashman blew off his media time to fly to San Fran and meet with Sabathia and his family. This is a big day for the Yankees, as they have gotten their man. In listening to fan feedback, many felt that the Yankees have been made to look bad during the process, but honestly, who cares? This is exactly what they needed; an ace in his prime. This is the first time that the team can say that since Ron Guidry in the late 70's, so get over it.
Source - http://www.newsday.com/sports/baseball/yankees/ny-spwebyanks1210,0,3840560.story
AJ Burnett - John Heyman over at SI reports that the Yankees have topped the offer set forth by the Braves. God help us all
Source - http://www.fannation.com/si_blogs/hot_stove/posts/30781-yankees-may-consider-fifth-year-for-burnett
Derek Lowe - In that same article, Heyman suggests that the Yankees are working on a four year deal for low worth over $65million. This sits a lot better with me than the $80 million+ that they are throwing at Pavano v2.0
Ben Sheets - It seems as though the team has offered Sheets a two year deal worth around $26million, according to Mark Feinsand of the NY Daily News
Source - http://www.nydailynews.com/sports/baseball/yankees/2008/12/08/2008-12-08_yankees_brewin_up_multiyear_offer_for_fr-2.html
Mark Teixeira - No source here, but in my own estimation the Yankees are out on Teixeira after offering approximately $300 million to three pitchers. Although I have heard ignorant Yankee fans suggesting otherwise.