The Yankees are looking to solidify their starting pitching by the end of the year, as evident by offers to Andy Pettitte and AJ Burnett. (See previous post about Pettitte) Burnett has apparently been offered that elusive fifth year that he was looking for in his contract. He received a five year, $80 Million offer from the Yankees earlier this week. The Atlanta Braves are also in the mix here, although it is unclear at this time if their offer includes a fifth year, something that seems to be a sticking point with Burnett.
It appears based on this news that the Yankees have placed Ben Sheets on the back burner and Derek Lowe back in the fridge. The Yankees seem to have lost interest in Lowe and appear to be waiting out the results of the Pettitte and Burnett negotiations before making an offer to Sheets.