If the rumors are to be believed, the New York Yankees will not be exceeding the $300 million payroll threshold in 2026. That may or may not be true, but if it is, it certainly doesn't leave much room for maneuvering.
Estimates vary on where the Yankees currently stand, but it seems that they're in the $260-$280 million range currently, with Trent Grisham's $22.05 million qualifying offer and projected arbitration salaries included. If $300 million is the end goal, then some breathing room needs to be left for in-season moves ... or any impact moves at all.