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Yankees Sign Matt Holliday & May Be Out Of Encarnacion Sweepstakes

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Jeff Curry-USA TODAY Sports

The odds of Edwin Encarnacion returning to the Blue Jays continue to get better and better. The New York Yankees have signed Matt Holliday to a 1 year, $13 million contract, just one day after Carlos Beltran headed to the Houston Astros. Both teams were a rumoured destination for Encarnacion, but these signings could very well take them out of the running.

Holliday, 36, posted a .246/.322/.461 batting line last season, belting 20 home runs in just 110 games. Although these are respectable numbers, this represented a down year for the veteran slugger, and the Yankees will be counting on a bounce-back of sorts. With Alex Rodriguez, Mark Teixeira, Brian McCann, and Carlos Beltran gone from the Bronx, the Yankees had a clear need for a big bat for the middle of their lineup.

Greg Bird figures to start at first base for the team to start the season, so the Yankees appear to be out on the Encarnacion front:

In addition, insiders around baseball are speculating that a return to Toronto could be his best option, as the Texas Rangers do not appear to be heavily interested in Edwin:

If one thing is for sure, it is definitely worth keeping an eye on the Encarnacion market during the winer meetings:

Update: