The Blue Jays admitted publicly Tuesday that they would listen to trade offers for Roy Halladay, arguably the best pitcher in the American League this season.  Halladay, who is 32, has a no-trade clause in his contract and must approve of any trade.

Toronto’s GM has apparently spoken with Halladay and informed him the team might present trade offers to him to accept or reject in the coming weeks.

The Blue Jays are currently in fourth place in the division and seem to have come to grips with the fact that they are not going to make the playoffs while a part of the toughest division in baseball.  Otherwise, why else give up your best player??

Its still way too early to get our hopes up that Halladay may end up in pinstripes this season.  Yes, the Yankees do have an opening in the rotation with Chien-Ming Wang on the DL for the second time this season and third time in the last calendar year. But, it may be asking a lot for the Yankees to bring Halladay on board.

The Yankees may be reticent to add another $7 Million to the payroll.  Normally, I don’t think the Yankees care about spending money, but with the economy the way is and how many premium seats aren’t selling, maybe the Yankees want to pinch pennies.  In fact, when acquiring Eric Hinske from Pittsburgh, the Yankees took money from the Pirates to pay part of Hinske’s deal.

Also, as Peter Abraham points out, he’s 32 and would most likely want a long-term deal in exchange for waiving his no-trade clause.  Abraham also thinks Halladay would ask for a contract in the range of $18-20 Million a year.  Plus, the Yankees passed on Johan Santana two seasons ago and he was only 29!

I think the Yankees would only be willing to have Halladay for the rest of the year and he does not really fit into that plan.  His current deal goes through the end of 2010 and the Yankees do not really need another big money pitcher eating up payroll.

Even with Andy Pettitte most likely retiring at the end of this season, I would forecast the Yankees will stay within the organization to fill his spot.  Phil Hughes is the most likely replacement and even if Wang is done pitching for the Yankees, the team can fill that spot from inside the organization as well.

In the 2009 draft, the Yankees picked up a lot of pitchers – seemingly prepared to plug holes left by pitchers in the organization moving up to Triple-A or the bigs.

As much as I wouldn’t mind seeing Halladay in pinstripes, I don’t think it would be right for the Yankees this season.