I can’t remember the last time a front office admitted to actually being desperate. Even if everybody knows that the front office is desperate, the front office has a vested interest in issuing denials, since no one wants to be taken advantage of. Brian Cashman and the Yankees, I’m sure, would say they haven’t been desperate lately, even despite all the Yankees’ injuries. But Cashman reached out to Derrek Lee, unsuccessfully. Cashman reached out to Chipper Jones, unsuccessfully. And now the Yankees are taking Vernon Wells off the Angels’ hands, two years after the Angels made the mistake of acquiring Wells in the first place.

When the Angels traded for Wells, there was no other explanation except that the Angels were desperate. The offseason hadn’t gone as the organization intended, and they felt like they needed to make a splash. With the Yankees trading for Wells, again there’s no other explanation except that the Yankees are desperate. The offseason hasn’t gone as the organization intended, and they felt like they needed to land insurance.

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Unless you make it a habit to read FanGraphs only on Fridays (and if you do, what’s up with that?), you’ve likely read Part 1 and Part 2 of this series. So you know the score. We’re taking a look at team financial health as we head into the 2013 season. You also the know which teams are in the top tier, because you’re smart and can figure that out for yourself. But we’ve come this far, so we’re going to complete the exercise. We’re nothing if not true to our word.

The top tier teams, in alphabetical order by team name.

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Due to an unfortunate data error, the numbers in this story did not include park factors upon publication. We have updated the data to include the park factors, and the data you see below is now correct. We apologize for the mistake.

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What’s all this, then? For an explanation of this series, please read the introductory post. As noted in that introduction, the data is a hybrid projection of the ZIPS and Steamer systems with playing time determined through depth charts created by our team of authors. The rankings are based on aggregate projected WAR for each team at a given position.

Third base is a little deeper than it used to be, and only a handful of teams have little to no hope of being productive at the position. The devil is in the details at the hot corner, as there has been very little turnover among the top 20 teams here. Teams that have quality reserves or prospects coming up the pipeline see a bump here, as we’re looking holistically at the position and not just at the nominal starter. This is an important consideration across the diamond, but particularly so at third given how physically demanding the position is. Only six third basemen suited up in 150 or more games last year. Compare that to 13 at second base and 11 at first base and shortstop, and it becomes clear that depth is important at third base. Unfortunately, most teams don’t have adequate depth, hence the bump for the teams that do.

Let’s get on to the rankings!

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I’ve been a little tardy in picking up the ball for the fifth part of this series, and for that I apologize. I hope it was worth the wait. In case you’re new to the series, here are parts one, two, three and four.

Vetoed trade: December 2003, the Texas Rangers send Alex Rodriguez to the Boston Red Sox for Manny Ramirez and Jon Lester.
Completed trade: February 2004, the Rangers send Alex Rodriguez and cash to the New York Yankees for Alfonso Soriano and player to be named later (Joaquin Arias).
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Already without Alex Rodriguez for an extended period of time, the Yankees have been given a double-whammy of unfortunate injury news still early in camp. Curtis Granderson got one of his bones broken, and he will be missing for several weeks. Now Mark Teixeira’s got one of his tendons bothered, and he will be missing for several weeks. For at least a little more than a month, the Yankees are going to have a lot of money and a lot of star power sitting helplessly on the disabled list. The Yankees still stand to contend in the American League East and the wild card race. Despite everything, now isn’t the time to abandon all hope. Nor is now the time to abandon all baseball hope as it pertains to the New York Yankees.

It would be easy to dismiss this as an argument that the Yankees are going to be okay because they’re the Yankees. Given how often the Yankees have wound up in the postseason, I understand the sentiment, but that isn’t the main point, here. The Yankees won’t be okay because they’re the Yankees — the Yankees look like they’ll be okay because they still have quality players, and neither Granderson nor Teixeira should be out all season long.

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The Yankees already had a damaged Alex Rodriguez. They already had a damaged Curtis Granderson. They already had a damaged Michael Pineda, and a damaged Phil Hughes, and a damaged general freaking manager. Now they get to deal with a damaged Mark Teixeira on top of everything else. The word:

The Yankees’ injury-riddled spring took another serious hit on Wednesday, as the team announced Gold Glove first baseman Mark Teixeira will miss eight to 10 weeks with a strained tendon in his right wrist.

Teixeira’s going to do nothing for four weeks, then he’ll begin rehabbing, provided everything has healed up. According to the timetable, Teixeira should return to the Yankees around the middle of May. In theory, he’ll be 100%, but this is a wrist injury, so it’s possible Teixeira could play with diminished power. No hitter ever wants a wrist injury. Actually no hitter ever wants an injury at all. Who would?

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The Yankees have a long standing policy against negotiating contract extensions for players under contract, preferring instead to wait until the player reaches free agency to hash out a new deal. They even held that line with Derek Jeter and Mariano Rivera, two of the iconic players in franchise history, so it hasn’t just been selectively applied here and there. So, it was pretty interesting to hear that the Yankees are ignoring that policy with Robinson Cano, and have confirmed that they recently made Scott Boras a “significant offer” to get him from becoming a free agent after the season.

Brian Cashman’s answer for why they’ve changed course with Cano:

“Since we’re the team, we have a right to change our minds and adjust the policy whenever, especially ownership,” Cashman said. “It’s not like it’s a country club, and here’s the code of conduct that you can’t deviate from. We’ve had a history of doing things a certain way, but it doesn’t mean that it has to be that way every day.”

For the Yankees to shift policy and extend Cano an offer now suggests that they’re both a little scared of what his price might be if he gets to free agency, and that they’re comfortable with how well he’ll age that they don’t need to see his age-30 season before deciding to sign up for the rest of his decline phase. The fear about his price if the Dodgers get involved is certainly valid, but should the fact that Cano is a second baseman scare the Yankees away from making a long term commitment to him before they have gathered all the information possible by letting him play out the 2013 season?

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All offseason long, there were questions regarding whether or not the Yankees had done enough. The Yankees, understandably, have been confident in themselves, but the media has expressed its share of doubt. That was with the Yankees as previously constructed. Now the Yankees are constructed differently, with one fewer Curtis Granderson, as the outfielder was hit by a pitch over the weekend and is now out for about 10 weeks. On one hand, it’s the right time for an injury, since spring training is just getting started. On the other hand, days into spring training, the Yankees have been confronted by a major injury that’ll carry over into May. The road to the playoffs has gotten all the more bumpy, and the Yankees are left considering what options they have for a temporary fill-in.

There’s not much on the active roster. There’s not much off the active roster, either, and right now the third Yankees’ outfielder probably stands to be Juan Rivera or Matt Diaz. As general managers always say, Brian Cashman said he’ll look at everything. As general managers also almost always say, Cashman said for the time being, replacement options are internal. The Yankees do have all spring to figure something out.

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Part four. Live free or veto hard. You can find parts one, two and three here, here and here.

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This is, as you may have surmised from the title, the third in a series on trades that players have vetoed, as is sometimes their right. You can find the first two parts here and here.

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