Lee is considered to be one of the best left-handed starters on the market along with David Price of the Tampa Bay Rays; the Yankees aren't expected to land Price even though they have been scouting him, but the Yankees have had interest in the past for Lee, as they nearly acquired him four years ago at the trade deadline.
Lee has been on the disabled list for over a month with an elbow strain, but is starting to throw again and is expected to return to the last-pace Phillies around next month's All Star break; just in time for Ruben Amaro, Jr. to start shopping him. Jayson Stark of ESPN reported on Thursday that the Phillies and Amaro are expected to heavily shop Lee next month.
"If the Phillies are out of contention at the trading deadline, they are expected to listen to offers for many of their veteran players. But other clubs have told ESPN.com that they expect the Phillies to aggressively attempt to move Lee, who is signed through 2015 and has a minimum of $50 million left on his contract over the next season and a half. That figure could grow to $62.5 million if he vests his option for 2016. Teams that have spoken with the Phillies say the club has indicated it is willing to eat a significant portion of Lee's salary if it gets the right pieces back in a trade."