There are so many assertions here that fly against what is known; I have no idea where you are coming from here.
I didn't say Lester/scherzer/shields. There are a plethora of "big-name" pitchers on the
FA market this offseason, Kuroda and McCarthy are two that are projected to be ~3 WAR pitchers next season. Cueto has a one year option and can be traded for. Floyd, Liriano, and Lewis are decent bets to post 3 WAR next season. McCarthy can probably be had at a discount
because he was extremely unlucky this year; Kuroda could be had on a short contract. This is a buyers market for pitching; precisely the type of market the red sox should be investing in.
Once again, someone is making the assumption that the red sox/Lester negotations failed due to a breakdown in contract offers and not because the red sox/Lester wanted to see how the season turned out. Either assumption has little support except for media leaks that simply shouldn't be trusted, ever. Lester will probably cost a bit more now than previously; if he signs for a 7/175, well, there are plenty of other pitchers on the FA market or are available by trade.
How is it a strong chance that the Yankees make big splashes in FA pitching this year
when they fielded a top-5 starting rotation this year? They did so last year and don't have nearly as much cash to spend this offseason as other teams.
The Yankees have about 169 million in contract obligations next year. Assuming raises for arbitration probably puts them closer to 185, maybe 180 if they're lucky, add in the 5-10 million needed for flexibility during the season and they've got, at best, 35 million to spend. Furthermore, they need a lot right now: SS, 2B, a boatload of RPs. If I'm a betting man, the Yankees go after position players to re-stock a team that was
marginally better offensively (92 wRC+) than the red sox (90 wRC+) this year.
Best case, they shop around bargain bins and spend about 15-20 million to fill the gaps in their 25-man roster. This leaves them with, maybe, 15-20 million, which is enough to sign
one SP; and not on a 7/175 or 5/110 deal. As I'm typing this, I realize that its probably more likely the Yankees
resign McCarthy and kuroda, because
tanaka is poised to return in 2016 (I'm assuming that Yankees/tanaka won't do the stupid thing and let him continue to injure his arm by pitching; I hope they do, because they'll create another albatross by doing so) and pineda may break out next year. McCarthy/Kuroda would cost about 20 million, so they can sign Ramirez to a big deal.