He may be done in New York, and no one is going to take on his contract.
Last year in 122 games (and 529 at bats) he had a slash line of 272/353/430. That is well below his career line of 300/384/560. In addition, his fielding has tailed off. About an average fielder as a third baseman during his career, his errors were up and his UZR was down (to levels like those of Alvarez). By way of comparison, A-Rod had 4 throwing errors and 4 fielding errors for a fielding percentage of 0.957 and a UZR of -3.9, while Pedro 11 throwing errors and 16 fielding errors for a fielding percentage of 0.926 and a UZR of -7.2.
Does a deal make any sense? It would obviously involve the Yankees paying most of his salary and Pedro moving to first base. By the way, Pedro's slash line was 244/317/467. Jones and Snider, who would lose at-bats as a result, had slash lines of 274/317/516 and 250/324/328. Personally, I'd give Brian Cashman a call. We've done it once, and it worked out OK. By the way, A-Rod was hurt. He got his hand broken by a pitch in late July.