The Yankees have made a handful of moves already, and addressed some needs, but no one truly beleives the Yankees are finished dealing. Signing Pettitte got us back our front 3, and the Granderson trade got us back some power that we had lost from Damon and Matsui's free agency. Even acquiring Hoffman adds depth to the outfield, and a solid bat against left handed batters. But there some areas that can use improvement, and here are some of the obvious ones:
Rotation: Though the Yankees have their front 3 set, the last 2 are a little shaky. Joba and Hughes would likely fill those roles now, and Hughes has serious innings limits while Joba was a little less than inspiring in that role last season. Though we have some servicable backups who can give us a start in a pinch, I don't think any of us feel that Chad Gaudin, Sergio Mitre, or Alfredo Aceves should be in the rotation permanently.
Bullpen: If the Yankees do not add another starter, its likely that both Joba and Hughes will be in the rotation. That eliminates two prominent bullpen options. We also traded away Brian Bruney and Phil Coke, and lost some decent minor league options in the rule 5 draft with Zach Kroenke and Kanekoa Texeira being selected. That being said, we do have options, but it wouldn't be a terrible idea to try and pick up a couple cheap releivers just to have depth. It may also serve to trade some our weaker bullpen pieces (Albaladejo and Ramirez for example) who may have more success outside of the AL.
Offense: With Damon and Matsui becoming free agents, it marks a combined production loss of 52 homeruns and 172 RBI's. Granderson was a solid addition to the offense, but it wouldn't hurt to try to add another bat. The combination of Jeter and Damon as the 1-2 hitters was very succesful last season, and if we had to choose one, Damon should be it. I happen to agree with Boras that Granderson would not be a good number 2 hitter. Too many strikeouts for that. If they do not bring back Damon, Swisher would be a better number 2 guy.
If the Yankees are serious about lowering payroll, and they do not plan on trading anyone with a prominent contract, then they are somewhat limited in their options. If they are not serious about lowering payroll, then Halladay and Damon would both be solid additions. Are there any other needs you think the Yankees should address?