The phenomenon of Yoenis Cespedes popped up over night, but it might be quite a while until he can actually sign with a Major League team. According to Paul Hoynes of the Cleveland Plain Dealer, it could be up to two months for him to be officially declared a free agent.
This could be a good thing for the Yankees as they likely view Cespedes as more of a replacement for Nick Swisher in 2013 than a everyday player in 2012. So there is no reason they would have to act quickly to sign him. On the other hand, there are probably a handful of teams that are looking to plug holes right now and may not be able to wait so long before addressing their outfield situation.
There are a number of teams that are supposedly interested in Cespedes, so there may still be plenty of shoppers even if a few drop out in the next two months though. It could also backfire on the Yankees if some teams miss out on their primary outfield targets and turn to Cespedes instead.
Either way, if you are following what will happen to Cespedes this offseason, relax because it could be a while.