Free agency kicked off on Monday morning, with teams having until 5 p.m. ET to extend $17.4 million qualifying offers to their eligible players.
LHP CC Sabathia, 3B Todd Frazier, DH Matt Holliday, RHP Michael Pineda, and LHP Jaime Garcia are all free agents.
Pineda underwent Tommy John surgery in July and will likely miss the entire 2018 season.
To see a list of every free agent, head here.
The Yankees are in a fortunate position as free agency begins. They are not desperate for new pieces, but rather project to be looking for complementary parts.
This was made easier by Masahiro Tanaka's decision not to opt out of this contract. However, the Yankees are still looking to minimally fill one spot in the 2018 rotation, with Sonny Gray and Luis Severino the other sure thing starters. I would not expect the Yankees to enter into the high-priced starting pitcher market considering the club's desire to enter the 2018 season under the competitive balance tax threshold ($197 million).
The Yankees will return a very strong bullpen in 2018, but the relief crew lacks a lockdown left-handed reliever outside of closer Aroldis Chapman. Since this route might be relatively inexpensive in terms of free agent spending, expect them to search out a more reliable option than Chasen Shreve.
Next, the Yankees will be without a full-time DH once again as they are not expected to re-sign Holliday. They could go the route of scattering at-bats throughout the roster, however I believe the Yankees would benefit from a singular presence in the DH spot. Whether that's a veteran on a short-term deal or one of many young players in the farm system remains to be seen.
Finally, if there is one name to monitor, it's Japan's Shohei Otani. While Otani's availability remains up in the air, if he is eventually posted, he could fulfill both the rotation vacancy and the DH role in one inexpensive fell swoop.