The New York Yankees finished 2026 with baseball's second-best bullpen ERA (3.13), but maintaining that success could prove challenging with several key relievers entering free agency.

At the top of general manager Brian Cashman's priority list should be retaining closer David Bednar, who converted 35 of 39 save opportunities with a 2.47 ERA.

The Yankees extended Bednar a $23.15 million qualifying offer , but there's no guarantee he'll return. The 32-year-old has until November 17 to accept or decline the one-year deal. If he declines it, a multi-year contract could be more appealing.

Re-signing Paul Blackburn should also be a priority after his successful transition into a full-time relief role. Blackburn posted an impressive 1.54 ERA across 60 appearances, and the Yankees have reportedly expressed strong interest in a reunion.

But even if both pitchers return, New York could benefit from additional high-leverage arms . Here are five trade targets worth exploring this offseason.

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