The New York Yankees are expected to cut their payroll to $189 million while also spending $300 million this winter on longterm contracts.

The Yankees are expected to target Masahiro Tanaka, Brian McCann and Carlos Beltran while also attempting to re-sign Robinson Cano.

The Yankees went on a similar spree in 2008-09 when they signed CC Sabathia, Mark Teieira and A.J. Burnett.