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Is the Yankees' glass half-full or half-empty?

With $423.5 million in new free agents, will the Yankees be better or worse? Is the glass half full or half empty?

Updated: January 7, 2009, 4:10 PM ET
By David Schoenfield | Page 2

SCENE: New York Yankees boardroom, in the days following the conclusion of the World Series.

YANKEES CHAIRMAN OF THE BOARD HAL STEINBRENNER: Welcome, everyone. I know it was a tough season. Despite a $209 million payroll, the highest in major league history, we missed the playoffs. But the good news is we're losing a lot off our payroll. Jason Giambi, Bobby Abreu, Mike Mussina and Andy Pettitte are free agents and we're not likely to re-sign any of them.

GENERAL MANAGER ...

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