Beyond some recycled gifts, the Yankees moved into the holidays without delivering any big presents to their eager fan base.
And outside of wanting to reunite with free agent Cody Bellinger, who is a fit for several contenders, the Yankees’ winter plan has been to marginally upgrade areas of need without spending a great deal.
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That syncs with owner Hal Steinbrenner’s “ideal’’ of a payroll below the final luxury tax threshold, and GM Brian Cashman’s thoughts about the current club.
“Don’t misinterpret that as saying I don’t recognize that there’s areas of weakness on this roster that we have to improve upon,” Cashman said earlier this month. “It’s just not as prevalent as last year where we really had to do a lot of different things on the run.
“The needs aren’t so glaring.”
Yankees’ offseason reunions so far
Trent Grisham, CF: Accepted the one-year, $22.025 million free agent qualifying offer extended by the Yankees.
Tim Hill, LHP: Setup reliever had his $3 million option for 2026 triggered by the team.
Amed Rosario, IF: Signed to a guaranteed, one-year, $2.5 million free agent contract.
Paul Blackburn, RHP: Agreed to a one-year, $2 million contract that could earn him another $500,000 in performance bonuses, as first reported by the New York Post.
Ryan Yarbrough, LHP: Returned on a one-year, $2.5 million free agent contract in mid-November.
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An expensive runback with Grisham at least provides cover in center field if Bellinger signs elsewhere.
That leaves Jasson Dominguez as the leading left field candidate and puts lefty-slugging prospect Spencer Jones in play for a potentially significant role in 2026.
Rosario provides a righty-hitting platoon for third baseman Ryan McMahon, but the Yanks still seek a right-handed hitting outfield presence.
Yarbrough and Blackburn bolster a staff that needs flexible, veteran starting options that can collapse into relief roles once the rehabbing Gerrit Cole, Carlos Rodon and Clarke Schmidt return.
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Yankees’ other notable offseason moves
Cade Winquest, RHP: Hard-throwing reliever became the Yankees’ first Rule 5 selection in 14 years, drafted off the St. Louis Cardinals’ Class AA roster.
Zack Short, IF: Journeyman big-league infielder (Tigers, Mets, Red Sox, Braves, Astros) signed a minor league deal. Appeared in 22 games last year with Houston.
Ali Sanchez, C: Part-time, right-handed hitting MLB catcher since 2020 appeared in a combined12 games last season with the Blue Jays and Red Sox.
Yerry Rodriguez, RHP: Reliever is rehabbing from Tommy John surgery in early 2025. Has 30 games of MLB experience (2022-24) with the Rangers and Blue Jays.
Winquest is an intriguing addition, giving a window to the Yanks’ current financial restraint, too. Meanwhile, it’s a seller’s market for right-handed hitters.
This week, the Yanks watched lefty-mashing outfielder Rob Refsnyder – who could have fit a pinstriped need – agree on a one-year, $6.25 million free agent contact with the Seattle Mariners.
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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers pitcher Emmet Sheehan (80) and Los Angeles Dodgers right fielder Teoscar Hernandez (37) celebrate during the World Series championship parade and celebration on Nov. 3, 2025.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers pitcher Emmet Sheehan (80) and Los Angeles Dodgers right fielder Teoscar Hernandez (37) celebrate during the World Series championship parade and celebration on Nov. 3, 2025.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers owner Mark Walter and Magic Johnson wave to fans during the World Series championship parade and celebration on Nov. 3, 2025.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
A fan of the Los Angeles Dodgers with his dog after the World Series championship parade and celebration on Nov. 3, 2025.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers players and coaches ride double-deck buses during the World Series championship parade and celebration on Nov. 3, 2025.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers owner Mark Walter during the World Series championship parade and celebration on Nov. 3, 2025.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Magic Johnson waves to Los Angeles Dodgers fans during the World Series championship parade and celebration on Nov. 3, 2025.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers pitcher Blake Snell (7) during the World Series championship parade and celebration on Nov. 3, 2025.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers pitcher Clayton Kershaw (22) and teammate Enrique Hernandez (8) celebrate during the World Series championship parade and celebration on Nov. 3, 2025.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers players wave to the crowd during the World Series championship parade and celebration on Nov. 3, 2025.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Fans of the Los Angeles Dodgers pose for a photo after the World Series championship parade and celebration on Nov. 3, 2025.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers fans wait for the start of the World Series championship parade and celebration on Nov. 3, 2025.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers two-way player Shohei Ohtani (17) and Los Angeles Dodgers pitcher Yoshinobu Yamamoto (18) wave to fans during the World Series championship parade and celebration on Nov. 3, 2025.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers fans react during the team’s victory parade after winning the World Series.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
A fan looks on before the 2025 Los Angeles Dodgers World Series Celebration at Dodger Stadium on Nov. 3, 2025, in Los Angeles.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers two-way player Shohei Ohtani (17) and Los Angeles Dodgers pitcher Yoshinobu Yamamoto (18) wave to fans during the World Series championship parade and celebration.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers players hold the baseball World Series trophy as they greet fans from an open-top bus during the team’s victory parade after winning the World Series, in downtown Los Angeles on Nov. 3, 2025. The Los Angeles Dodgers conjured a stunning come-from-behind victory in extra innings to defeat the Toronto Blue Jays 5-4 and clinch back-to-back World Series on Nov. 1, in one of the greatest Major League Baseball championship deciders in history.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers players wave to fans from an open-top bus during the team’s victory parade after winning the World Series, in downtown Los Angeles on Nov. 3, 2025. The Los Angeles Dodgers conjured a stunning come-from-behind victory in extra innings to defeat the Toronto Blue Jays 5-4 and clinch back-to-back World Series on Nov. 1, in one of the greatest Major League Baseball championship deciders in history.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
A young fan runs with a Los Angeles Dodgers flag before the start of the Dodgers 2025 World Series Championship parade on Nov. 3, 2025 in Los Angeles, California.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Shohei Ohtani (L) and Freddie Freeman of the Los Angeles Dodgers acknowledge the crowd during the Dodgers 2025 World Series Championship parade on Nov. 3, 2025, in Los Angeles.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers players greet fans from an open-top bus during the team’s victory parade after winning the World Series, in downtown Los Angeles on Nov. 3, 2025. The Los Angeles Dodgers conjured a stunning come-from-behind victory in extra innings to defeat the Toronto Blue Jays 5-4 and clinch back-to-back World Series on November 1, in one of the greatest Major League Baseball championship deciders in history.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Fans watch as Los Angeles Dodgers players greet fans from an open-top bus during the team’s victory parade after winning the World Series, in downtown Los Angeles on Nov. 3, 2025. The Los Angeles Dodgers conjured a stunning come-from-behind victory in extra innings to defeat the Toronto Blue Jays 5-4 and clinch back-to-back World Series on Nov. 1, in one of the greatest Major League Baseball championship deciders in history.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers players wave to fans during the team’s victory parade in Los Angeles after winning the World Series on Nov. 3, 2025.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers fans react as the team bus passes them during the team’s victory parade in Los Angeles on Nov. 3, 2025, after winning the World Series.

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Los Angeles Dodgers celebrate back-to-back World Series titles with thousands of fans
Los Angeles Dodgers fans wait for the start of the World Series championship parade and celebration on Nov. 3, 2025.
Not returning to the Yankees in 2026
Devin Williams, RHP: Right-handed reliever signed a three-year, $51 million free agent deal to now replace Edwin Diaz (free agent, signed with Dodgers) as the Mets’ closer.
Luke Weaver, RHP: Setup reliever followed Williams to the Mets on a two-year, $22 million free agent deal.
Allan Winans, RHP: Obtained release waivers in order to sign with Japan’s Seibu Lions.
Ian Hamilton, Mark Leiter Jr., Scott Effross, Jake Cousins, RHPs: All four relievers were non-tendered, making them free agents. Hamilton (Braves) and Leiter Jr. (Athletics) have since signed with other clubs.
Acquiring relievers with team control at last summer’s trade deadline (David Bednar, Camilo Doval, Jake Bird) made the Yanks less desperate but still in search of another veteran setup arm.
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On the trade front, they’ve been among the teams linked to interest in St. Louis Cardinals lefty reliever JoJo Romero, who is entering his free agent walk year.
2025 Yankees still in free agency
New York Yankees left fielder Cody Bellinger (35) makes a catch during the first inning against the Toronto Blue Jays during Game 4 of the ALDS for the 2025 MLB playoffs on Oct. 8, 2025, at Yankee Stadium.
Cody Bellinger, OF: In addition to the Yankees, he’s linked to interest by the Mets, Blue Jays, Dodgers, Giants and Angels.
Paul Goldschmidt, 1B: Compiled a .981 OPS versus left-handed pitching in 2025 and expressed a desire to play in 2026 at age 38.
Austin Slater, OF: Played a very limited bench role and was injured (hamstring) after being acquired at last summer’s MLB trade deadline.
Jonathan Loaisiga, RHP: Yankees rejected a $5 million club option on the talented, injury prone setup reliever.
Should we be surprised if Bellinger’s free agency lingers well into January?
Kyle Tucker’s free agent market hasn’t been defined, which impacts Bellinger (an obvious target for contenders still seeking an impact, lefty-hitting outfielder).
At the Winter Meetings, Cashman said that Bellinger’s slow pace won’t prevent them from making other moves as needed, though the Yanks’ transactions have since been relatively minor.
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Notable offseason moves in the AL East
New York Mets first baseman Pete Alonso (20) hits a home run against the Milwaukee Brewers in the second inning on Aug. 9, 2025, at American Family Field.
Toronto Blue Jays: Signed RH free agent starters Dylan Cease (7 years, $210 million) and Cody Ponce (3 years, $30 million) and RH reliever Tyler Rogers (3 years, $37 million).
Boston Red Sox: Added RH starters Sonny Gray (Cardinals), Johan Oviedo (Pirates) and 1B-DH Willson Contreras (Cardinals) via trade.
Baltimore Orioles: Signed free agent 1B Pete Alonso (5 years, $155 million), free agent closer Ryan Helsley (2 years, $28 million). Added RH starter Shane Baz (Rays), OF Taylor Ward (Angels) via trade.
Tampa Bay Rays: Signed free agent LHP Steven Matz (2 years, $15 million) and OF Cedric Mullins (1 year, $7.5 million). Added OF Jacob Melton (Astros) and RHPs Anderson Brito (Astros) and Yoendrys Gomez (White Sox) via trade.
The defending AL champion Blue Jays’ quick strike to sign Cease and the O’s aggressive signing of Alonso have been highlights of MLB’s offseason.
Boston and Toronto are top contenders in the bidding for free agent righty hitters Alex Bregman and Bo Bichette, which would only further strengthen the league’s best division.
This article originally appeared on NorthJersey.com: What are Yankees doing? Reviewing Bronx Bombers’ mild winter