Free agent LHP Rich Hill has agreed to a three-year deal with the Dodgers worth $48 million, the team announced Monday.
The Yankees were "all-in" on Hill, Jim Bowden of ESPN reported Nov. 29.
The Astros and Rangers were also in serious pursuit of Hill, with the Red Sox and Orioles interested to a lesser degree, noted Bowden.
Hill, 36, had a 2.39 ERA and 0.99 WHIP while striking out 129 batters in 110 1/3 innings split between the A's and Dodgers last season.
At three years and $48 million it is understandable why the Yankees didn't sign Hill. Much like the Yankees did in avoiding a high-priced designated hitter, staying away from a 37-year-old pitcher that threw only 120 innings in 2016 makes sense.
From this point, if the Yankees decide to add to the rotation from outside the organization, figure that they sign a back end of the rotation starter in the ilk of recently non-tendered right-hander Tyson Ross. Alternatively, the Yankees might look at trades in order to supplement the rotation, which is in need of more certainty. Here, the Yanks could target front-end pitchers with some of their newly stocked farm system, or back-end options with some lesser prospects or a major leaguer like Brett Gardner.
If all else fails, the Yankees would have to turn to a multitude of inexperienced hurlers to take up the final two slots after Masahiro Tanaka, Michael Pineda and CC Sabathia.