As it stands right now, the current Yankees squad may be comparable to the 1989-1992 teams, which overspent on free agents and had many draft pick busts.
Maybe they do like they did to George and keep Hal away from day-to-day activities, and have the Yanks develop their farm system.. they have nothing coming in the pipeline anytime soon(position players), and free agency, due to changes compared to the 90s, make it impossible to build a team now by spending.