There is no hard cap in Baseball. If the Yankees wanted to, they could easily sign whomever they wanted. How bad to they want to? I don't know the answer to that but I do know this. The Yankees are not nearly in as bad a situation as you guys are making them out to be.
I don't know what the Yankees want to do with A Rod but I suspect they may wish to keep him. Now, I could be wrong there but lets say the Yankees did decide to move A Rod, I think they could. They could probably pick up part of his salary and trade him. A Rod is not done just yet. I could see a team like the Dodgers being interested in A Rod.
The Yankees have short term contracts with several of the current players on the rostere. Hiroki Kuroda (10 Mil), Andruw Jones (2 Mil), Raul Ibanez (1 Mil, Eric Chavez (900 K), Swisher (10 Mil), Pettitte (5.5 Mil) and Ichiro (17 Mil) are all FAs this season, unless the Yankees decide to bring them back. Jeter (17 Mil) and Mariano Rivera (15 Mil) may also not return. That right there is a significant chunk of change that could become available to the Yankees depending on moves.
I know all of you guys comfort yourselves with the idea that the Yankees are going to be screwed by the cap with no ability to make moves or sign players but that's simply not the case. The Yankees will be able to go get anybody they really want to in FA and probably not just one but a few guys if that is what they decide to do.
Remember, the Yankees still have Michael Pineda, who did not even play for them last year to match with CC, Hughes, Nova, Phelps and either Marianno or Soriano or both next year. Would not be surprised to see them keep Kuroda and Pettitte either and I would bet money that the Yankees will sign another big time arm in the off season. The Yankees still have Robbie Cano, Tex, Granderson, Martin and Brett Gardner coming back under contract.
You can tell yourself that the Yankee fans will be running crazy in the streets with panic or that we will not be in contention for a few years but the truth is that we will be in contention next year. We probably will be better next year then we were this year and we are, more then likely, going to sign more talent.
I love Baseball.