There have been some writers, including Ken Rosenthal and our pals over at River Ave. Blues, that have been sharp enough to catch a very interesting point; if the Yankees sign another Type-A free agent, they would only be required to surrender a 4th round pick in the June Amateur Draft. While this may sound like a bargain to some for a Juan Cruz or a Ben Sheets, the Yankees are a different case in this conversation (as in all conversations) for one reason: money.
The positioning of draft picks has a very different effect on the Yankees than it does other teams. Due to their economic clout, the Bombers have the ability to draft elite talent in later rounds. Names like Dellin Betances, Brad Suttle, Mark Melancon and Austin Jackson show up in round four or later in recent drafts. These were players that had tags like "strong commitment" and "unlikely to sign" attached to them before the Yankees opened their checkbook. Now, they are four of the top ten prospects in the Yankees organization according to Baseball America.
What this illustrates is that every pick counts for the Yankees, especially after Type A free agents like Bobby Abreu did not net the team extra picks. The smart move would be to stand pat on free agents; with one exception.
That exception is Andy Pettitte. I am unwavering in my belief that Pettitte will begin this season as the Yankees number five starter. Sources cited by SI's John Heyman say that there is a "less than a 50%" chance that Andy returns, but I can't see it. At the end of the day, Pettitte doesn't want to pitch anywhere else, but he doesn't want to stop pitching. The Yankees are said to be holding firm at their offer of $10 million, but I think they bend. Call it one year, $13 million and everyone is happy. There, I fixed everything again.