Welcome to CBSSports.com's Rumor Buy Or Sell. With the July 31 trade deadline slowly approaching, we'll break down any various trade (free agency) rumors that come your way during the summer months.

The New York Yankees, who are in the middle of a rather successful youth movement, will venture back into free agency to augment their roster this coming offseason, according to owner Hal Steinbrenner, who spoke to the media Wednesday at a baseball owners' meeting in New York.

Steinbrenner added "to what degree [we're active] and in what areas remains to be seen," according to the Associated Press. According to the AP, he said that while he would consider adding players via trade, it would not be at the expense of the team's top prospects.

Aside from the Aroldis Chapman signing, the Yankees have steered clear of big free-agent deals the past few offseasons.

So, do we buy or sell the Yankees as being active in free agency and trades?

The background: The Yankees are in the process of doing two things. One, they want to get younger. They have rookies in right field (Aaron Judge) and in the rotation (Jordan Montgomery), plus more youngsters at catcher (Gary Sanchez), first base (Greg Bird, when healthy) and in the rotation (Luis Severino). New York also boasts an impressive farm system with more young talent on the way.

And two, the Yankees are trying to get under the luxury tax threshold in the near future, preferably next season. Getting under the threshold will allow the Yankees to reset their luxury tax rate -- right now they are taxed at the maximum 50 percent -- and save the team millions over a period of several years. The Yankees tried to get under the luxury tax threshold a few years ago, but that plan went by the wayside after missing the postseason in 2013.

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Owner Hal Steinbrenner says the Yankees will be 'active' in free agency this coming offseason. USATSI

Following this season, the Yankees will shed their enormous salary commitments to CC Sabathia ($25 million in 2017) and Alex Rodriguez ($21 million), plus Masahiro Tanaka ($22 million) can opt out of his contract. Others like Matt Holliday ($13 million), Michael Pineda ($7.4 million), Tyler Clippard ($6.15 million) and Chris Carter ($3.5 million) will become free agents. The Yankees have an awful lot of money coming off the books. Getting under the luxury tax threshold is very doable.

Whenever the Yankees have shed big contracts in recent years, they have redirected the money back into the roster. That resulted in their 2008-09 (Sabathia, A.J. Burnett, Mark Teixeira) and 2013-14 (Tanaka, Jacoby Ellsbury, Brian McCann) offseason spending sprees. Taking all that money coming off the books after the season and spending on free agents would be more of the same. The only problem is the plan to get under the $197 million luxury tax threshold in 2018.

The verdict: Buy, easily. According to Cot's Baseball Contracts, the Yankees have only $101 million or so in contract commitments next year -- they will owe arbitration raises to several players, including Dellin Betances and Didi Gregorius -- leaving plenty of room to spend underneath the luxury tax threshold. The 2017-18 free-agent class is heavy on pitching -- Jake Arrieta and Yu Darvish are the headliners -- and the Yankees could sure use some arms.

Of course, the Yankees are probably looking ahead to the 2018-19 free-agent class intently. Bryce Harper and Manny Machado will be free agents at the ripe old age of 26 that winter. Adding one (or both!) of those players to a young lineup that also includes Judge, Sanchez, Bird, Gleyber Torres and Clint Frazier could make the Yankees a perennial World Series contender in a heartbeat. So I do believe the Yankees will be active in free agency this winter, though they won't exceed the luxury tax threshold in 2018, nor will they do anything that threatens their chances at Harper and/or Machado in two years.