Pending a physical, Kevin Youkilis and the Yankees have agreed to a one-year, $12 million contract.

Could this have been a more strange offseason for the Yanks?

While many teams broke open their checkbooks, the Bombers have shown fiscal restraint so far. They re-signed Andy Pettitte, Mariano Rivera and Hiroki Kuroda (all good moves), while letting Russell Martin, Eric Chavez and Andruw Jones walk. Nick Swisher is seemingly headed elsewhere, while the future of Raul Ibanez is unknown.

Alex Rodriguez is lost for the first half of the season (at least) after it was revealed he needed surgery on his hip and now the Yanks are set to welcome Youkilis, a one-time star for the Red Sox, who's skills are in decline.

And just think, we still have two months until pitchers and catchers report to spring training. I can only imagine what else will happen.