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MLB Trade Rumors: New York Yankees And Phil Hughes

This morning's New York Post is filled with a hodge podge of rumors about what the New York Yankees' next moves.  Amongst the topics covered are Andy Pettitte's take-it-or-leave-it $10 million offer, A.J. Burnett's comment to an unnamed current Yankee that they are teammates and the gaul of the Yankees to request the Brewers pay some of Mike Cameron's $10 million contract as a condition of a trade.

The most interesting of the three is the Andy Pettite piece.  By implication, adding Pettitte to an expected rotation of C.C. Sabathia, Chien-Ming Wang, A.J. Burnett and Joba Chamberlain leaves out 22-year-old starter Phil Hughes. 

Does this mean the Yankees are going to send Hughes to AAA to continue on a starter's work regime?

Will Hughes be a swingman on the Yankees' staff? 

O does it mean there is a bigger deal in the offing that would bring the Yankees' the youth and enrrgy the team needs on offense?