No Maas recently analyzed the Yankees' finances and concluded that the Yankees are cheap. That post and its followup make a compelling case that the Yankee front office is merely giving lip service to the team mission statement of doing what it takes to win every year.
Either No Mass is absolutely correct about this, or Joel Sherman is just making shit up when he says the "Yankees claim they have just a small amount of money left to spend this offseason."
The Yankees can only afford to get a decent lefty bat if they pawn off most of A.J. Burnett's contract on some other team - yeah, right. Sure. If you believe that, here is some breaking news: A-Rod told the Yankees that his monthly gym fee was killing him, so he could not afford to work out this offseason unless the team agreed to pay 75.76% of his alimony payments.