As a huge Yankees fan for my entire life, I follow this team very closing and I'm not afraid to say I did not like a move (such as the signing of Alex Rodriguez after he opted out). This is MY outlook on the team this year.
Catcher: This is a very tricky position. After having Jorge Posada here for a long time, we now have Russell Martin and Jesus Montero (or maybe Molina from what I've heard). Martin can be a good catcher when healthy an is an obvious upgrade defensively. Montero I feel would be better as a DH or stay in the minors. Fransico Cervilli, who will be back in May will add stability to the back-up catcher role, as he has done a nice job in the past.
First Base: Mark Teixera will have a bounce back year average wise, which should slightly increase his RBI and Runs total too. He is also very durable so the Yankees are fine here.
Second Base: Robinson Cano. Nothing else to say. He is great defensively and he has become an huge offensive player. He could be a serious runner for the MVP this year.
Shortstop: Derek Jeter. The face of the franchise should have a bounce back year as he gets 3000+ hits. His defense will decline but he is still an important piece for this team.
Third Base: A-Rod. he will have another typical year with all the hoopla, but I expect a slight increase in HRs and RBIs according to his trends.
Outfield: This is a good group of OFs. They have Nick Swisher who has a good arm and a nice power bat. he will lose in average but he should still hit a respectable number. Brett Gardner is the Yankees speed guy and since he may hit leadoff more often, he has a chance to get over 60 steals. If he stays healthy, he may also hit around .300. Defensively, he fine. Now the question mark I have is Curtis Granderson. I do not think he is a good fit but that just me.
Reserves: This is a good bench, better in years past. The Yankees also have enough guys in the minor to bring up if they are not fine with the guys they have right now.
Starting Pitching: I beleive they made a mistake keeping the soft tossing Freddy Garcia in the rotation since teams like the Red Sox and Rangers will whack him around. I thought Bartolo Colon even with injuries and inning limit should have been the guy. Ivan Nova should surprise a lot of guys and so should A.J. Brunett. He had a good first half last year, before blowing up completely. C.C. sabathia is still the ace and Phil Hughes may struggle if he can't find some velocity. The Yankees have a lot of young guys in the minors that can pitch and I expect one or two of them to come up this season to get their licks in the majors.
Bullpen: The 8th/9th inning guys are not a problem. I did not like the spending on of Rafael Soriano but he is good insurance. Mariano Rivera is still the BEST CLOSER EVER, so he will maintain his part. Robertson and Chamberlain will be good 6th/7th inning guys and can eat up a couple innings if guys are taxed. I don't like Loogan or Marte as a lefty specialist but it is a good thing Robertson has great numbers vs lefties.
Prediction: They will finish 1st in the AL EAST. When it comes playoff time, they will go as far as their top 3 SPs take them. Now that I can't predict just yet.