On the afternoon of July 9, the New York Yankees were on the verge of finalizing a blockbuster deal to obtain the most potent arm-for-hire in recent memory; and all it would have cost the organization is top catching prospect Jesus Montero.

But a funny thing happened on the way to Cliff Lee’s reunion with former Cleveland Indians teammate CC Sabathia. A team that filed for Chapter 11 bankruptcy in May of this year, with no World Series appearances in its 38 years of existence, trumped the most valuable franchise in Major League Baseball.

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