| Date | Transaction | |||
| 1/23/03 | Signed LHP Eric Knott, C Tony Eusebio and INF Anthony Medrano to minor-league free agent contracts with invitations to Spring Training. | |||
| Promoted Frank Cacciatore to minor league hitting coordinator; named Arturo DeFreites hitting coach for AA-Harrisburg. | ||||
| Agreed to one-year contracts with RHP Luis Ayala, LHP Eric Good and RHP Julio Manon, INF Scott Hodges and OF Ron Calloway, OF Val Pascucci and OF Terrmel Sledge. | ||||
| 1/16/03 | Orlando Cabrera: Agreed to terms with SS Orlando Cabrera on a one-year contract for the 2003 season, thus avoiding salary arbitration. | |||
| 1/15/03 | Michael Barrett: Agreed to terms with C Michael Barrett on a one-year contract for the 2003 season, thus avoiding salary arbitration. | |||
| Acquired RHP Orlando Hernandez and RHP Rocky Biddle, INF/OF Jeff Liefer and an undisclosed amount of cash from the Chicago White Sox in a three-team trade involving the New York Yankees, while sending RHP Bartolo Colon and INF Jorge Nunez to the White Sox. | ||||
| 1/14/03 | Tony Armas: Agreed to terms with RHP Tony Armas Jr. on a one-year contract for the 2003 season, avoiding salary arbitration. | |||
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