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Yankees' Rumors, Jan. 5: Hiroyuki Nakajima, Eric Chavez

There remains only a "faint possibility" that the New York Yankees will sign Japanese infielder Hiroyuki Nakajima. The Yankees reportedly announced Thursday that they had ended negotiations with Nakajima, but they do have until 5 p.m. ET Friday to make a deal.

The Yankees win the rights to Nakajima with a $2 million posting bid, a result that seemed to catch the Yankees off-guard. They reportedly offered the Japanese infielder a one-year deal, which he has not been willing to accept.

With Nakajima and the Yankees not coming to terms, the Yankees are widely expected to make a push to re-sign veteran corner infielder Eric Chavez. The Yankees reportedly have competition for Chavez from several teams. They could use the left-handed hitting Chavez as a part-time designated hitter and a player who can occasionally rest Alex Rodriguez at third base.

-- See Pinstripe Alley for more discussion and analysis of the Yankees.