[3] The Yankees season ended on October 6 when they lost a deciding Game 5 of the 2011 American League Division Series to the Detroit Tigers 3–2.
Having won one World Series and bringing his team to the playoffs the past two seasons, the Yankees quickly signed him to a new 3-year deal worth $9 million.
In November, they added minor leaguers Melky Mesa, Dellin Betances, Ryan Pope, and Brandon Laird to the 40-man roster.
In November, long-time Yankees Derek Jeter, Andy Pettitte, and Mariano Rivera all became free agents, as well as veterans Nick Johnson, Javier Vázquez, Marcus Thames, Kerry Wood, Lance Berkman, Austin Kearns, and Chad Moeller.
On November 18, 2010, the Yankees traded Juan Miranda to the Diamondbacks in exchange for minor league pitcher Scottie Allen.
[6] In the Rule 5 draft, the Yankees selected pitchers Robert Fish from the Angels and Daniel Turpen from the Red Sox.
The Yankees have signed various former Major Leaguers to minor league deals, such as Brian Anderson, Luis Ayala, Ronnie Belliard, Doug Bernier, Buddy Carlyle, Eric Chavez, Bartolo Colón, Neal Cotts, Freddy García, Gustavo Molina, Mark Prior, Andy Sisco, and Luis Vizcaíno.
[9] On February 2, the Yankees acquired Justin Maxwell from the Washington Nationals in a trade for minor league pitcher Adam Olbrychowski.
Pettitte played 13 seasons with the Yankees and 3 with the Astros, he was a 3x All Star selection, a 5x World Series champion, and finally a 2001 ALCS MVP.
On May 25, Mariano Rivera made his 1,000th appearance with the Yankees, making him the 15th reliever in Major League history to accomplish the feat, and the first to do so for one team.
[12] Facing the Seattle Mariners on May 29, Derek Jeter stole his 327th base, breaking Rickey Henderson's record for the most in Yankees history.
[15][16] On July 30, against the Baltimore Orioles, the Yankees scored a club record 12 runs in the first inning, en route to a 17–3 victory.
[19] Facing the Boston Red Sox, on August 5, Jeter's run scored in the sixth inning was the 1,742nd of his career, moving him past Honus Wagner for sole possession of 21st place on baseball's all-time list.
[20] On August 25, the Yankees became the first team in history to hit three grand slam home runs in one game with a 22–9 win over the Oakland Athletics.