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From the Windup: A Dozen Questions as Hot Stove Season Starts to Wind Down

From the Windup is FanHouse's extended look at a particular portion of America's pastime.

Believe it or not, Spring Training is just one month away. It's been a long, cold winter -- at least everywhere except Philadelphia (or Florida or Southern California) -- but if you listen closely, you can practically hear the sharp crack of the bat. Daydream long enough, and you can almost see that first session of pitcher's fielding practice.

But we aren't there yet. The slow free-agent market has left plenty of unfinished business as the clock counts down toward reporting date. So with that in mind, here are 12 big questions that figure to be answered before the moving trucks are loaded and sent on their way to Florida and Arizona.

1. Where will Manny Ramirez wind up? The mercurial slugger is the last true big-ticket free agent left on the market now that Derek Lowe is bound for Atlanta. Scott Boras has artfully negotiated a series of mega-deals for his clients in the most cautious financial environment of the decade. Even so, the character questions surrounding Ramirez after his departure from Boston and an abnormally deep corner outfield class has limited the number of suitors for him. The rival Giants and Dodgers appear to be the only teams seriously interested, but hey, you can never rule out that mystery team can you?

2. Will the Yankees and Andy Pettitte reconcile? Pettitte's reputation has taken a serious hit lately. Last year, it was the Mitchell Report. This year, it's his reluctance to accept a one-year, $10 million offer from the team he's spent most of his career with despite having the worst season of his career in 2008. New York has the money and the hole in its rotation, so chances are it will patch things up with the left-hander, but he bolted from the Bronx once before when he felt disrespected.

3. What kind of payday will Bobby Abreu and Adam Dunn receive? As they were when the winter began, Abreu and Dunn remain the premier corner outfield bats on the market when you pull Manny out of the equation. The slow baseball economy hasn't been kind to the players in this market -- Pat Burrell got two years and $16 million, Milton Bradley and Raul Ibanez three years and $30 million. With only a handful of clubs having both the roster spot and the desire, Abreu and Dunn might be hard-pressed to top Bradley and Ibanez.

4. Is Jake Peavy off the trading block for good? The influx of cash from Jeff Moorad might enable the Padres to hold onto their ace after all. Then again, the club is rebuilding. It might be better to move Peavy for a number of cost-controlled parts with such a weak roster, and the Cubs, for one, seem to have the space and the financial wherewithal to take on his contract now that Jason Marquis has been shipped out of town.

5. Who will the Red Sox's starting catcher be in 2009? Boston has been very active this winter, but it's biggest hole now is the same as it was when Hot Stove season began. The Sox continue to explore a trade for a young catcher -- the rumored trading partners being Texas and Arizona. Jason Varitek is still a free agent too. He could re-sign with Boston, but if he doesn't, his fate will become even more interesting.

6. Can the Rangers and Michael Young work out their differences? Truth be told, both parties better hope they can. Young has requested a trade after being told he would be moved to third base this season. The Rangers do not have to honor Young's request, and they'd find it tough to anyway, considering his contract, which runs through 2013, is already an albatross.

7. How will the Mets round out their rotation? Watching Lowe join the rival Braves had to sting. Now the Mets have to sort through a group of inferior pitchers including Oliver Perez, Randy Wolf, Pedro Martinez and Jon Garland as they look for a fifth starter. All the bullpen upgrades in the world aren't going to mean much if the rotation is in shambles by July.

8. Will these familiar faces be able to find work? Martinez. Nomar Garciaparra. Frank Thomas. Ivan Rodriguez. Jeff Kent. Jim Edmonds. Tom Glavine. Many of them will wind up in Cooperstown someday. None of them have a big league job right now. There's a good chance at least a few of them will be forced into early retirement due to lack of interest. Call it the Kenny Lofton corollary.

9. How long will Ben Sheets twist in the wind? Could Sheets be this year's Kyle Lohse as Baseball Prospectus' John Perotto mused? He has a dominant pedigree, but health concerns have limited the market. Signing him could pay off big for a team willing to take a gamble.

10. Will Orlando Hudson get a contract longer than one year? Hudson is still young (31), effective with the bat and an above average defender at the keystone. The Nationals are the only team that has been seriously linked to him. Almost unfathomably for a player of his quality, he might be forced to accept a one-year deal and hope for the best in free agency next year.

11. What will the Yankees do with Xavier Nady and Nick Swisher? With Mark Teixeira in the fold, the Yankees have a surplus on the corners and might look to deal either Nady or Swisher. They might also decide to hold onto both of them and preserve some depth.

12. Is it a slow economy or are the owners colluding to depress salaries (again)? It might be both and I don't have a definitive answer to the question, but it's hard not to wonder at this point.

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