With 40 days until Spring Training and the Giants eliminated from playoff contention this is going to be a long down period.
Cashman is saying he can still make moves to better the club. If so, then why did he let good affordable players sign elsewhere without even making offers? I think I read recently that the Yankees right now are at $189MM but still have arbitration to go so that is going to increase to over $200MM before the start of the season.
I think the Yankees have a decent rotation and bullpen that should keep them in most games without a problem. The offense is not going to hit as many HRs this year losing Swisher, Chavez, and Ibanez and A-Rod for most of the season. With Gardner and Ichiro you could see them going small ball easily. If they add a bat like Damon who can still hit a little and run it may also add to that element. If they want to try and add power there is only really a couple of aging left handed DHs, like Hafner or Thome. One name that may draw a little interest is Brandon Inge. He's coming off shoulder surgery (he separated his shoulder twice last season). Has some power, right handed bat, can play C, 3B, 1B, and OF. Aubrey Huff is another name that could fill multiple roles for the Yankees, though he bats left handed.
If the Yankees are looking for some SP insurance they could look at Bedard, Braden, Jurrjens, or Marcum. Marcum could probably be had for an affordable deal and could open up the Yankees to trading a guy like Nova. Don't think they would look to trade Hughes because he would certainly be given a qualifying offer and the Yankees could get a draft pick.
That's the good thing with Swisher signing elsewhere. with Cleveland. The Yankees will get a compensation pick. The bad thing is they no longer get the Cleveland pick. Cleveland just loses their pick and the Yankees get a pick between the 1st & 2nd rounds. That's also a good side of the Yankees being frugal this offseason. By avoiding the big name free agents, they haven't lost their pick and with so many qualifying free agents signing with new teams, the 1st round is actually decreasing, so the Yankees will end up with 2 (or 3 when Soriano signs somewhere) very good picks.