If I was the Yankees GM
Let Pavano, Giambi, I-rod and Marte go. Offer Marte arbitration to get draft picks.
Let guys like Shelley Duncan, Betemit, Rasner, Ponson and others move on. The team has guys in the minors that have more potential.
Offer Abreu arbitration. He will be a type A free agent so if he leaves, we get 2 good draft picks. If he accepts, he is signed for 1 year.
Give Miranda a shot at first and Gardner a shot at CF.
Throw the bank at CC to sign him. He may have an overused arm but he is very durable. Give him a contract comparable to Santana.
Develop young arms for the pen. Remember, Rivera had a 5+ era his first year as a starter (10 games) and a reliever. Let the kids develop.
Look at guys like Baldelli, Mike Hampton and others as fillers.
Don’t make any big trades.
Get the payroll down to 180 million.
Trade A-rod. OK, just kidding. I would like that but it is not going to happen. Although I heard David Wright is on the block. Straight up trade plus the Yanks throw some cash into the deal?
Go Angels and go Dodgers.