They may not have gotten Cliff Lee or Andy Pettitte to solidify the rotation, but at least the Yanks are using the extra money for something, signing Phil Hughes, Joba, and Boone Logan to new deals today to avoid arbitration. By all indications, the deals each guy got are good for the Yanks ($2.7 mil for Hughes, $1.4 for Joba, $1.2 mil for Boone Logan) and in Hughes' and Joba's case almost certainly less than what they would have received had they gone to arbitration.
The Yanks have money to spend after their top 2 pitching targets fell through, and they certainly haven't been shy about spending it so far. As Vinny Mac likes to say...
... and the Yankees will always have plenty of money. And if you got it, you might as well spend it. Especially when you're spending it to make your team better.
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