It looks as though the Yankees took my advice and are about to sign Nick Johnson, effectively ending Johnny Damon's time with the team.
There is a ton to like about this move. Johnson fits the Yankees lineup like a glove. A left handed, elite OBP guy to hit behind Jeter and in front of Teixeira is exactly what this team needed to make it go. Though Damon had a great year, he was not your typical 2 hitter. He got homer happy in the new Stadium, and his contact rates didn't benefit. Add to that the fact that he didnt hit a regular season home run over the last 5 or so weeks of the season, and you can really get an idea of why having a contact-oriented two hitter can benefit the machine that is the Yankee offense.
I have also heard the argument that Johnson has value tied to his glove. WILDLY inaccurate at the point in his career. His UZR/150 last year was -6.6. Terrible. He also made 12 errors at a position where Kevin Youkilis didn't make any two years ago.
In the end, this is just a savvy baseball move. A year of Nick Johnson at $5.5mm beats the shit out of 3 years at $30mm+ for a guy that was forced to leave the clinching game of the World Series with a fucking leg cramp. I know Johnson isn't historically durable wither, but being slotted in as the DH will help that, just as getting 30-40 games off to utilize the DH position as a "weigh station" for Jeter, A-Rod, Posada and the like will.
In short: Great move. Helps the team while saving that few extra dollars to make another sizable move **coughMattHollidaycough**.