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Nov. 7: Could Arenado be on the move? Are Yankees a fit?
According to reports by the St. Louis Post-Dispatch and USA TODAY, eight-time All-Star and 10-time Gold Glove Award-winning third baseman Nolan Arenado could be available in trade discussions if he's willing to waive his no-trade clause. The same goes for veteran starting pitchers Sonny Gray and Lance Lynn.

Arenado, who will be entering his age-34 season in 2025, is coming off a year in which he produced the lowest offensive output in any full season (excluding the 2020 pandemic-shortened campaign) since his rookie year in 2013. He finished this past season with a .719 OPS and 16 home runs for St. Louis. Still, he's only two seasons removed from a third-place finish in NL MVP voting.

Yankees announcer Michael Kay, on his ESPN Radio show on Thursday, suggested that Arenado would be a good fit at third base for New York as opposed to spending big money on free-agent first baseman Pete Alonso.

Nov. 7: Yanks interested in numerous star FAs, 'aggressive' in bullpen market
The No. 1 item on the Yankees' offseason to-do list remains re-signing Juan Soto. However, he is expected to take his time in making a decision, and the Yanks' roster has multiple areas of need. So while Soto remains the priority, New York has to look for options at other positions. According to MLB Network insiders Jon Heyman and Jon Paul Morosi, they are doing just that.

Heyman wrote Wednesday in the New York Post that the Yankees have "checked in" on first baseman Pete Alonso and outfielder Anthony Santander, although both are viewed as "backup plans" in case Soto signs elsewhere.

Although Soto's departure would leave a hole in the Yankees' outfield, Alonso would make sense as a secondary option since New York's first basemen recorded a 76 wRC+ this season, worst in the American League.

Per Heyman, the Yankees have also expressed interest in the top starting pitchers in free agency, including Corbin Burnes, Blake Snell and Max Fried. Yet Heyman adds that it's "uncertain" if the Yankees will be able to afford both Soto and a bona fide ace to slot in next to Gerrit Cole.

The prices won't be as high in the reliever market, and the Yankees have been "among the most aggressive teams" in searching for bullpen help during this week's General Managers Meetings, per Morosi. The Yankees have Luke Weaver returning for 2025, but they have a handful of impactful free-agent relievers: Clay Holmes, Jonathan Loáisiga, Tommy Kahnle and Tim Hill.

Morosi mentions Tanner Scott, Jeff Hoffman and Carlos Estévez as possibilities for the Yanks if they don't re-sign some of those aforementioned arms.

"The New York Yankees fully realizing that even with Luke Weaver at the back end of the bullpen, they need to be active in the relief pitching market," Morosi said during Thursday's edition of Hot Stove.

Nov. 4: Cole staying with Yankees on existing deal
Gerrit Cole is staying with the Yankees.

The Yankees' ace will remain in New York on the same four-year, $144 million deal he originally opted out of.

Cole and the Yankees will continue to discuss options for a potential contract extension, according to MLB.com's Mark Feinsand. But for now, the Yankees have secured their ace through the 2028 season.

The Yankees had a deadline of 5 p.m. ET on Monday to decide whether to void Cole's opt-out and prevent him from reaching free agency by adding a one-year extension worth $36 million to his pre-existing deal. Instead, the Yankees and Cole were able to negotiate an agreement that excludes that additional year, but still keeps Cole in New York for the same contract that he would have had if he hadn't opted out, while allowing for the possibility of an extension later.

Nov. 2: How will Yanks address first base after declining Rizzo’s option?
As expected, the Yankees declined Anthony Rizzo’s 2025 club option ($17 million) on Saturday, opening up a vacancy at first base. How the Yankees address that spot could depend on what happens with free-agent superstar Juan Soto.

MLB Network insider Jon Heyman hears that longtime Mets first baseman Pete Alonso is a "prime backup plan" for the Yankees if they are unable to re-sign Soto. The slugger's future with the Mets could also be tied to Soto, who is expected to be courted aggressively by Alonso's former club.

The 29-year-old Alonso headlines a strong group of free-agent first basemen that also includes Christian Walker, Paul Goldschmidt, Carlos Santana and Josh Bell.

The position was a weak spot for the Bronx Bombers in 2024, with Yankees first basemen posting the second-worst wRC+ (76) in MLB.

Nov. 2: Cole opts out, but Yanks can still retain him
Yankees ace Gerrit Cole has exercised the opt-out clause in his contract, a source told MLB.com's Mark Feinsand.

However, the team can void the opt-out and prevent Cole from reaching free agency by adding a one-year extension worth $36 million to his pre-existing deal, which had four years and $144 million remaining.

Oct. 31: Soto: 'Every team has the same opportunities' in free agency
Juan Soto has been a free agent for less than 24 hours, but a bunch of teams have already been in contact with him, according to MLB Network insider Jon Heyman.

Heyman writes in the New York Post that eight teams checked in with Soto in the hours after he and the Yankees lost to the Dodgers in World Series Game 5 on Wednesday. By Thursday morning, the number of interested clubs was up to 11.

The incumbent Yankees are likely to make a strong effort to bring him back, but while Soto said after New York’s season-ending loss that he was happy with the team and the city, he also made it clear he’s not giving the Bronx Bombers an edge over any other potential suitor.

“I feel like every team has the same opportunities when I go into free agency,” Soto said. "I don't want to say anyone has an advantage, because at the end of the day we're gonna look at what they have and how much they want me."

Oct. 31: Re-signing Soto atop Yankees’ offseason priorities
The good news for the Yankees is that they finished the 2024 season with the best record in the American League and earned their first trip to the World Series. The bad news is that they were outplayed by the Dodgers in the Fall Classic, which Los Angeles ended with a Game 5 win Wednesday.

For the Yankees, any season that doesn’t end with a World Series title is deemed by many as a failure. How their offseason is judged will hinge largely on one action: re-signing Juan Soto. The 26-year-old was phenomenal with the Yankees after being acquired prior to this season in a trade with San Diego. He hit a career-high 41 home runs, led the American League with 128 runs and had a 178 OPS+, his best in a full season.

“I’m really happy with the city, with the team, how these guys do," Soto said after the Yankees' season-ending loss. "But at the end of the day, we’re going to look at every situation, every offer that we get, and then take a decision from that.”

The Yankees will face fierce competition for Soto’s services, perhaps most of all from the crosstown Mets.

Even if Soto returns, the Yankees’ lineup will have a different look in 2025 as infielder Gleyber Torres and outfielder Alex Verdugo are slated to become free agents. Anthony Rizzo, who posted a .637 OPS, carries a $17 million club option for next season. The Bronx Bombers will likely try to add another impact bat to take some of the pressure off of Soto and Aaron Judge, who carried the Yankees’ offense throughout the year.

A host of Yanks relievers are set to be free agents, including Clay Holmes, Jonathan Loáisiga, Tommy Kahnle and Tim Hill. Cole could also opt out of his contract, but the Yankees can void that decision by adding a 10th year onto his contract for $36 million.