http://www.mlbtraderumors.com/2008/07/yankees-eyein-1.html

Should the Jarrod Washburn deal fall apart, the Yankees are exploring an alternative in Brian Bannister for Melky Cabrera.  Bob Dutton of the Kansas City Star writes,

"Nothing appears imminent, but the framework for a deal seems to exist because New York has already shown a willingness to part with [Melky] Cabrera. Add this: The Royals nearly obtained Cabrera in a trade-deadline swap two years ago for veteran outfielder Reggie Sanders before Sanders suffered an injury."

In this scenario, David Dejesus moves to left to make room for Cabrera in center.  And Mark Teahen would get back to his natural position at first base.  Cabrera is making $461,200, only $40,200 more than Bannister, and both are set to reach arbitration after this season.

The Yanks prefer Washburn but are in negotiations after the Mariners rejected an offer of Cabrera and Kei Igawa for the lefty veteran.  Seattle might want Brett Gardner as well as for the Yankees to take on all of Washburn's $14MM contract through next year.