This isn't exactly "news" because the transition has been in the works for at least a year, but the NY Post reports that George M. Steinbrenner III will officially cede control and day-to-day operations of the New York Yankees this week in Tampa to his sons, Hal and Hank Steinbrenner.
Details have yet to be ironed out but it appears that the brothers will share final say on all team decisions. Hank will likely focus on the baseball side of the business while Hal will shift his focus towards the construction of the new Yankee Stadium.
It has been a bit quiet the last few days in Yankeeland, but you can be sure that will soon change when the big wigs convene in Tampa this week to decide Joe Torre's job status and we hear more details on the inevitable changing of the guard.
Thankfully, Hank Steinbrenner has already insisted that Joba Chamberlain will be in the rotation next season.
Stay tuned for a busy week ahead.