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Let me just clarify something right here. When I say, "price that won't cost an arm and a Montero" I mean that quite literally. The nice thing about the Yankees is that even when the prospect package for a major player isn't there, there's always the option of taking other teams' bad contracts off their hands as payment.
ESPN reported a few days ago that the Yankees were one of the most likely suitors for Ramirez, who is owed roughly $7 million for the rest of 2011, with a $2 million buyout at seasons end (or a $16 million club and player option that only a team with a propensity for bad contracts--- like the Cubs--- would pick up).
Beyond the economics however, this deal doesn't really make sense for either side. Sure, the Yankees can plug Ramirez in at 3rd while A-Rod rehabs, but when Rodriguez comes back, then what? Split the 3rd base/DH-ing duties between the two and Old Yeller Posada? (Yes, Old Yeller is a verb there).For a team that constantly wrestles with giving older player more DH time, adding another DH isn't really a keen idea.
Ramirez has also positioned himself as the best third base bat on the market, which can probably command at least a couple of solid pieces from a team in contention, especially if Chicago throws some money in to sweeten the pot. Once the Cubs ask for anything of substance in return for Aramis, the Yankees need to step away.