The New York Yankees are yet to get going truly this offseason. Unlike last offseason, where they started to generate headlines right from the start, they are taking a cautious approach to several free agents.
Cody Bellinger is the biggest name the Yankees are hoping to re-sign this offseason. Last week, the Yankees even formally extended an offer to the free agent. However, as per the latest update, it appears the negotiations are far off.
MLB insider Jack Curry shared details on the Yankees' chase to land key figures. In Bellinger's case, there's "clearly a gap" on the negotiation table. The update also reported that the Yankees are unlikely to go for free agent infielder Bo Bichette. Moreover, even though the Yankees wants a arm this offseason, a trade for Miami Marlins pitcher Edward Cabrera doesn't feel "imminent."
Jack Curry says the Yankees aren't nearing any moves
— Talkin' Yanks (@TalkinYanks) January 6, 2026
Cody Bellinger: "Clearly a gap"
Edward Cabrera: "Nothing is imminent"
Bo Bichette: "Unlikely"
He says the team continues to work on Bellinger and trades for starting pitchers (Freddy Peralta, MacKenzie Gore, etc.) Pic.twitter.com/xviiaLrc4p
Also Read: How the Yankees can sign Bo Bichette and keep Jazz Chisholm Jr.
Curry also shared that Bellinger is losing ground in his free agency as several teams that were once interested in the former NL MVP's services have reportedly moved on.
Some of the teams who were involved in the Cody Bellinger market reportedly have fallen off according to Jack Curry. Pic.twitter.com/4ZpWN8LNj6
— Fireside Yankees (@FiresideYankees) January 6, 2026
This shows that what was thought to be a formality to re-sign Bellinger is actually more than it seems. However, with Bellinger's market getting curbed, it should only help the Yankees as the offseason progresses.
Cody Bellinger's potential Yankees future tied with Edward Cabrera trade
According to Joel Sherman, the Yankees have already extended two offers to Cody Bellinger's camp since December, showing their interest in bringing back the outfielder. The move could also influence how the Yankees fill their starting arm need this offseason.
Assuming Bellinger returns to the Yankees, the club could look to offer Jasson Dominguez or Spencer Jones to the Marlins for Edward Cabrera. Since Bellinger plays center field, with Aaron Judge playing in the corner, there's no place for Dominguez to fit in the starting lineup. As such, the 22-year-old could be a centerpiece in a trade package for Cabrera.
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