RGY
Kreid or Die
Ellsbury is an ideal replacement for Jeter batting in the 2 spot, as well as a fantastic lead off batter. I'd keep Gardner in the leadoff spot because his OBP is higher and Ellsbury puts the ball into play as well as anyone. Gardner gets on base and Ellsbury is likely to advance him. The short porch in left at YS is going to be Jacoby's new best friend.
Also, an outfield defense of Gardner/Ellsbury/Ichiro/Soriano might be the best in the league. Speed everywhere that should save some runs over the course of the year.
The money is crazy but it's not mine to spend. 22 a year for 7 years isn't ideal (5 years at 18 would be a steal) but it's not that insane of an overpayment if Ellsbury can stay healthy. That's a big if but I have some faith considering his injuries were freak accidents. If you resign Cano, the Yankees lineup is back to being the best in the league, though dominated by lefthanded bats.
As much sense it may make, Jeter will stay in the top of that lineup. The only way he doesn't is if Cano doesn't come back, Ellsbury moves into the 3rd spot with Gardner and Jeter going 1-2.