Although New York's front office has remained solid on its new mantra of cutting costs, there are much too many variables that indicate this potential signing.
For one, the Yankees have a considerable need for a corner outfielder. With Nick Swisher gone and Ichiro now exploring the market, the Bronx Bombers could possibly be left with just Curtis Granderson and Brett Gardner.
And now, the hip injury of Alex Rodriguez must be taken into consideration. Slumping or not, Rodriguez should have figured himself into a considerable role of the team's offense this upcoming season, but with him out, the Yankees are left with a much weaker lineup.
Perhaps Hamilton could be brought in to rejuvenate the offense.
And more recently, New York has become more open to the idea of trading its current center fielder in Granderson for some younger talent. If this ends up materializing, it'll leave some valuable salary cap space open for such a signing.
When you factor in Hamilton's prospects of hitting at Yankee Stadium, the intrigue he's receiving from Boston and the franchise's overall free agent history of reeling in the big fish, we may have something brewing here.
Back in 2009, the Yanks were very low-key in their pursuit of Mark Teixeira, and ended up bringing him in.
Perhaps they're taking the same approach with Hamilton.