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Update (10:13 AM): Yankees are pursuing Cubs starter Ryan Dempster, per CSN Chicago.  Pursuit has intensified the past 48 hours. Although this could be a sign that the Yankees are concerned about Pettitte, I would bet it is likely just Cashman performing due diligence. Dempster has indicated he would be willing to accept a deal to New York.

Update (10:28 AM): Jon Heyman of CBS counters prior Dempster story.

Update (1:15 PM): We’ve seen a few deals go down today. It looks like the Giants are about to land Hunter Pence from Philadelphia. Meanwhile, their rival Dodgers made another move, picking up another Phillie- Shane Victorino.  Back to the Yankees- the New York Post’s Joel Sherman says a deal for Ty Wigginton is unlikely because the Yankees value defense at the hot corner, and don’t think he’s cut out to play there long term..

Update (1:34 PM): Good news on Teixeira via the YES Network’s Jack Curry. No structural damage, and is only expected to miss a few days.

Update (2:02 PM): Joel Sherman has more news on the Dempster front, saying that Cubs are spreading word that the Yankees are strongly interested in the starting pitcher.  Sherman notes, however, he hasn’t been able to get confirmation from an Yankees sources.

Update (2:34 PM): More Dempster.  Heyman tweets about Dempster’s relationship with Larry Rothschild when he was pitching coach of the Cubs prior to coming to New York.  Also, Dempster familiar with former Cubs GM Jim Hendry who is now in the Yankees front office.  Both of these relationships may make him willing to accept a deal.  However, my feel is that this is just the Cubs posturing, trying to make the Dodgers offer up a bit more.  Some additional insight on who the Cubs covet in the Yankees system from Sherman.

Update (3:41 PM): Just under 20 minutes to go and it doesn’t look like anything is going to happen for the Yankees, per Joel Sherman.  Division rival Boston made a move, picking up LOOGY Craig Breslow from Arizona for Matt Albers and Scott Podsednik.  Other notable moves include Cincinnatti landing Jonathan Broxton from Kansas City and Pittsburgh picking up Gaby Sanchez from Miami.  MLBTradeRumors has all the details.

Update (3:53 PM): It’s cutting it close, but the Dodgers are out and the Yankees are still talking to the Cubs on Dempster, per Buster Olney.

Update (4:00 PM): The deadline has come and past.  Deals can still be announced after 4 of course, but it looks like the Yankees will come out with nothing.  They lost out on Dempster (who knows if they were ever really in) to Texas.

Update (4:10 PM): Joel Sherman comes in after the bell, saying the Yankees have gotten Casey McGehee from Pittsburgh for Chad Qualls.  McGehee can play third and his effective against lefties: 119 wRC+ and .348 wOBA.  .230 overall with 8 home runs and 36 RBIs on the season.  He would platoon if this deal goes through, as Sherman is looking for confirmation.

Update (4:12 PM): Confirmed.

Update (4:25 PM): At this point nothing else should come across.  Yankees filled a corner infield need as anticipated.  McGehee can play both third and first, hits lefties well, and is a good defender at both positions, per UZR.  Chris will have all the details in an upcoming post-deadline review.

Update (4:30 PM): One final note: Joba will be activated tonight to fill the roster spot for Qualls. They’ll have to make separate room for McGehee when he arrives- figure Ramiro Pena to be the odd man out. Again, Chris will have all the details and analysis in our post-deadline review.