Steinbrenner hasn't yet approved a significant payroll boost, Joel Sherman of the New York Post reports (Sherman's Twitter). It would be a one-year deal or nothing if Jackson signs in New York, even though the Yankees' baseball operations staff likes the right-hander. It appears likely that the Yankees will sign a starter like Jackson, Hiroki Kuroda orBartolo Colon in Sherman's view.It wouldn't be the first time we saw a player, who is worthy of a multi-year deal, opting to sign for one year and go for a multi-year deal again the following season... when the market is better (Ryan Madsen, anyone?). But unless a number of players sign extensions, thus avoiding free agency, then the market next year would actually be worse for a guy like Edwin looking for more than a one year deal. For that reason I don't see a one year deal for Edwin Jackson coming, therefore I'm not expecting to see him in Yankee pinstripes.
But hearing that the Yankees are sticking with a one year deal makes me a very happy fan. Although Edwin would improve the Yankee rotation in 2012, I don't think it will be enough to justify a multi-year deal... which could keep the team from signing Hamels or others a year from now.