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Yankees Rumors: Abreu, Burnett, Teixeira

George King of the New York Post and Kat O'Brien of Newsday have the latest on the Yankees, who are in hot pursuit of free agent starting pitching.

• The Yankees will offer arbitration to Bobby Abreu, according to Jon Heyman.  No surprise there.
• King says the Yankees are preparing an offer for A.J. Burnett, "perhaps a five-year deal worth about $80 million."  Burnett's agent says they're just discussing parameters.  It would be a strong offer, dwarfing the Blue Jays' four years, $54MM.  ESPN's Buster Olney believes a fifth guaranteed year will ultimately result in the winning bid for Burnett.
• The Yankees may make an offer to Derek Lowe soon; they've reached out to Scott Boras regarding him.  Other Lowe suitors: the Dodgers, Red Sox, Mets, and Rangers.  O'Brien adds that the Yanks expressed interest in Mark Teixeira to Boras (despite the Nick Swisher acquisition).  The Orioles are also in on in Tex.
• King talked to a "baseball exec" who sees the Cubs re-signing Ryan Dempster at four years, $52MM.
• Andy Pettitte's agent doesn't want a pay cut from this year's $16MM.
• The expectation is still for Mike Mussina to retire; we may know this week.
• The Yankees aren't in on Jake Peavy, as evidenced by Kevin Towers' comments last night.  Rick Sutcliffe and Mark Grace have been pitching the Cubs to Peavy, though the hangup seems more about which players the Chicago would send to San Diego.
• The Yanks have an offer of about six years, $140MM on the table for C.C. Sabathia, and he's mulling it over (somewhere).

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