MLB Rumors: Yankees Need to Cap Off All-In Offseason by Signing Carlos Correa

If the New York Yankees really want to send a message they are serious about getting over the hump in their quest to get back to the World Series, they need to make a significant push to sign Carlos Correa.
It's not 100 percent certain the Yankees have an interest in Correa, but ESPN's Buster Olney recently floated the possibility that something could be happening:
Everything about the Yankees' offseason was, understandably, centered around re-signing Aaron Judge. They were able to accomplish their mission by getting the 2022 American League MVP to agree to a nine-year, $360 million deal, per The Athletic's Ken Rosenthal.
New York began the offseason by re-signing Anthony Rizzo to a two-year deal worth at least $40 million.
Even though the $400 million spent in free agency to bring back two key players sounds good, the Yankees are slightly worse on paper than they were when the 2022 season ended.
Jameson Taillon left the Bronx to accept a four-year, $68 million deal from the Chicago Cubs. Even though he wasn't a huge factor in the postseason, Gerrit Cole was their only starter who threw more innings than Taillon in 2022.
There are major holes in the lineup that still need to be filled. They received below-average offensive production at shortstop, left field and designated hitter.
Shortstop is the easiest position for the Yankees to upgrade because there are two All-Stars still available: Correa and Dansby Swanson.
There have been no rumblings about Swanson going to New York. Correa ending up in New York still feels like a long shot, but it really shouldn't at this point.
The biggest obstacle preventing the Yankees from pursuing Correa is the competitive balance tax. Hal Steinbrenner has been actively avoiding the tax for years.
Per Spotrac, the Yankees' tax payroll for 2023 is the second-highest in MLB at $221.2 million. The luxury-tax line for next season is $233 million.
Let's assume Correa signs a deal that pays him close to his 2022 salary with the Minnesota Twins ($35.1 million). It would bring the Yankees' payroll up to $256.3 million. They would be taxed 20 percent of their overage total as a first-time offender (roughly $7 million).
The Yankees have around $40 million coming off their luxury-tax payroll in 2024. The CBT jumps up to $237 million in 2024, so any potential penalty they might incur will only be a significant issue for one year.
If the Yankees can't afford a $7 million payment, the Steinbrenner family should sell the franchise.
Even ignoring the small financial penalty for the organization, the upgrade on the field is so significant to offset it.
Correa has been worth 10.6 FanGraphs' wins above replacement over the past two seasons combined. He has a .279/.357/.479 career slash line and averages 28 homers per 162 games played.
Yankees shortstops are projected to be worth a total of 3.7 fWAR in 2023. Anthony Volpe, their top prospect, is projected to be their top player at the position with a .240/.317/.420 slash line.
Volpe's pending arrival doesn't need to complicate things for the Yankees. They can move either him or Correa to third base, which would also allow manager Aaron Boone to bench Josh Donaldson.
Donaldson is 37 and looked his age last season with a .222/.308/.374 slash line.
The Yankees need to be all-in for the next few years while they still have Judge and Gerrit Cole in their prime. It doesn't do them any good to sit on their hands and hope Giancarlo Stanton and Luis Severino are going to stay healthy.