Cashman Explains

Here's a few words from Sir Brian Cashman about why the Yankees didn't offer arbitration to anyone:

“The determination we made today was to make sure that we control what amount we’d be spending at least in the event that we’re fortunate enough to bring those players back... We wanted to be able to control the cost that we would allocate for every position on the club.  Even though we wanted draft picks if we lost anybody, by offering arbitration we would lose out ability to determine a final cost. So by doing so, we chose to go a different direction, not offer arbitration and we’ll still stay engaged with the entire free agent market including those two players.”

This logic taken at face value means that the Yankees will never offer arbitration to another player again.  The system simply doesn't work the way they want. I think the real explanation is simple: the Yankees want to know how much money they can throw around right now.  They've already put a lot of money on the table in hopes of signing Sabathia and want every last dollar available to them to sign whatever else they need. The question is, is it for offense?  Will they go after Teixeira?