Yankees Trade Rumors: Deadline update, Yankees buyers or sellers?

In this Yankees trade rumors and news update, the New York Yankees sit just three games out in the AL East and are currently tasked with deciding whether or not they should go on another all-out spending spree to close that gap.

Here's FOX Sports' Ken Rosenthal with his thoughts on how the Yankees should approach the final 10 days before the July 31st non-waiver trade deadline:

OK, it certainly makes sense that the Yankees would not want to concede in Derek Jeter’s final season. But that doesn’t mean they should be all-out buyers, either.

The best course for the Yankees would be to use their financial advantage to swallow large contracts while giving up little talent in return. That way, they could keep their most asked-about prospects: Double-A right-hander Luis Severino, Single-A outfielder Aaron Judge, Single-A left-hander Ian Clarkin, et al.

It’s remarkable the Yankees are only three games out in the AL East after losing four-fifths of their rotation and getting minimal production from free agents such as catcher Brian McCann and designated hitter Carlos Beltran. Still, their annual all-out push comes at a cost.

That cost, Rosenthal argues, presented itself when Robinson Cano left for free agency this winter. Rather than assessing the possibility that Cano would leave (and thus think about trading him for farm depth/MLB-ready talent), the Yankees kept with their annual M.O. of not selling regardless of the future consequences.

However, with a legitimate chance to take control of a very winnable AL East, the Yankees' aggressive organizational mindset could very well be extremely justified for the rest of July.

Follow our New York Yankees team page for the latest Yankees trade rumors!

Back to the New York Yankees Newsfeed