The most important news is Mike Lowell working out an agreement with the Red Sox. The exact terms of the deal are still up in the air, but it's something to the tune of 3 years for $37.5 Million dollars. Mike probably could've gotten better money or another year elsewhere and I respect the fact that he decided to stick with the Sox.
I've been pretty clear about my stance on the 3rd Base situation. I wanted to see Ortiz, Ramirez and Rodriguez all in the same lineup. I thought the Yankees were out of the bidding and A-Rod would be available for pickup on the cheap. Overpaying Mike Lowell isn't a terrible backup plan though. I expect Mike's numbers to drop off due to the fact that he set a number of career highs this year, his advancing age and the fact that he's no longer in a contract year; but he still will benefit from hitting balls off the Green Monster in Fenway, is a golden glove caliber defensive 3rd Baseman and brings an intangible veteran presence to the clubhouse.
A few more pieces of the Yankee puzzle have come back together now that Mariano Rivera has agreed to resign with the Yankees for 3 years and $45 million dollars. Normally I bash the Yankees for overpaying for over the hill talent like this, but I think when you spend the money on consistent performers like Rivera and A-Rod it's money well spent. I'll be interested to see if the Yankees can buy a halfway decent starting rotation in time for next spring.