Offseason In Review: New York Yankees

In conjunction with the Yankees’ offseason review, we’ll be hosting a Yankees-focused chat on March 29. You can submit a question in advance, and check back to participate tomorrow.

The Yankees weren’t the busiest team this winter, opting for a handful of big moves instead of many small ones. That included signing one of the top starting pitcher free agents and retaining the consensus top overall free agent, the face of the franchise and now-captain Aaron Judge.

Major League Signings

2023 spending: $89.75MM
Total spending: $573.5MM

Option Decisions

Trades And Claims

Extensions

Notable Minor League Signings

• Demarcus Evans, James Norwood, Jake Bauers, Nick Ramirez, Ryan Weber, Tanner Tully, Michael Hermosillo, Billy McKinney, Wilmer Difo, Tyler Danish, Willie Calhoun, Rafael Ortega, Matt Bowman, Ian Hamilton

Notable Losses

• Chad Green, Andrew Benintendi, Miguel Castro, Jameson Taillon, Matt Carpenter, Aroldis Chapman, Marwin Gonzalez, Zack Britton (still a free agent), Tim Locastro, Stephen Ridings, Lucas Luetge

There was little debate about who the top free agent was this offseason. Though there were four excellent shortstops and three aces, Aaron Judge was #1 on just about any list you could find. His 2022 season was one of the greatest in recent memory, even beyond setting the American League single-season home run record with 62. He also posted a .311 batting average, walked in 15.9% of his plate appearances, stole 16 bases and played excellent defense. His 11.4 wins above replacement from FanGraphs was the highest by a position player other than Barry Bonds since Mickey Mantle in the ’50s.

It was widely expected that Judge would secure himself a huge contract, most likely to return to the Yanks. Here at MLBTR, we predicted eight years and $332MM, with all four contributors pegging Judge for a return to the Bronx.

That’s not to say that it was a fait accompli. The Yankees seemed to have a legitimate contender in the Giants. Not only did they have a fairly wide open long-term payroll, they were looking for a big free agent strike after a disappointing season. Since Judge was born and raised not too far from San Francisco and still has family in the area, the fit also made sense on a personal level. There was even a terrifying moment for Yankee fans when it seemed as if Judge was indeed going to the Giants, and the Padres almost swooped in and stole the day, but the Yankees eventually got the deal done.

The final contract came in at $360MM over nine years, the largest guarantee ever secured by a free agent. The average annual value of $40MM is the largest ever secured by a position player. The only pitchers who surpassed that were older aces on short-term deals, as Max Scherzer and Justin Verlander each secured AAVs of $43.3MM in their late 30s.

Judge was actually the second Yankee to be brought back after a trip into free agency, as the same had already played out with Anthony Rizzo. In early November, Rizzo opted…