Last week on “The Petros & Money Show” on FOX Sports Radio, Ned Colletti addressed a question about the status of negotiations with catcher Russell Martin. He discussed the negotiation process and spoke candidly about the divide between the team and Martin’s representation. Basically, given two years of injuries and slipping production, the Dodgers were looking for a concession in terms of performance clauses and a lower base salary.

Now comes word that the Yankees have inked Martin to a contract. Terms of the deal have not been released.

However, Yankee fans and team executives can scream loud and proud, “We got one!”

The Blue Jays and Red Sox had reportedly been in discussions with the former All-Star as well. His batting average has dipped in three consecutive seasons with declining power and speed contributions. However, Martin won’t turn 28 until February, so he gives New York their potential long-term successor to Jorge Posada.

As such, the question must be asked. Is a Jesus Montero deal in the offing? The catching prospect was a coveted piece in all trade discussions last season when the Yankees were sniffing around Cliff Lee in Seattle.

I suspect that the Yankees go back to the well and kick the tires on what it might take to extricate Felix Hernandez from Seattle. Zach Greinke is a beast in Kansas City, but would New York be the right fit? Greinke certainly figures to be dealt, but would the pinstripes work?

The free agent pitching options for New York aren’t front-line starters. Therefore, the top priority appears to be convincing Andy Pettitte to eschew retirement for another season.

The Montero to Seattle thing is somewhat clouded after the Mariners doled out $7 million to bring Miguel Olivo back to the squad. However, Olivo is 32 years old. I understand that he comes back to Seattle off of two strong power seasons in Kansas City and Colorado, but the Mariners need to project long-term.

Brian Cashman went to work quickly after the Cliff Lee stinger from Monday night.

The sizzle isn’t off of the hot stove just yet.