The A.J Burnett Yankees/Pirates trade should be done by Saturday, according to Ken Rosenthal. He notes that it's "soft" deadline in that the Yankees would want it done before pitchers and catchers report (to prevent distractions, according to twitter common wisdom).

Yesterday we heard the Yankees had spoken with at least three teams about Burnett, including the Angels involving a Bobby Abreu trade, and with the Indians involving a Travis Hafner trade, but neither got past initial conversations, according to reports:

• Burnett talks remain at impasse - Ken Rosenthal
  "The soft deadline for the A.J. Burnett trade discussions is Saturday – the day before the New York Yankees’ pitchers and catchers report to spring training in Tampa. The Yankees and Pittsburgh Pirates continue to discuss a Burnett deal, but as of Wednesday morning the teams remained at an impasse, according to major-league sources."
• A.J. Burnett Rumors: Angels, Indians Interested - MLB Daily Dish
  A trade based around Burnett and Hafner was discussed but is no longer on the table, according to Bryan Hoch of MLB.com.
• A.J. Burnett Trade Rumors: Wait Just One Second! - MLB Daily Dish
  Unless those in the org are able to halt negotiations, the deal should get done in the next few days. Numerous rumors have the Pirates paying somewhere between $10 million - $15 million of Burnett's remaining $33 million contract, which should free up the Yankees to spend another $6-7 million pursuing a DH...

• How Much is A.J. Burnett Worth for the Next Two Years? - MLB Daily Dish
  ...The rest of what we know is mostly speculation -- the Pirates are likely to trade a couple bottom rung prospects and the Yankees might eat most of that $35 million. I've seen the Pirates could be responsible for anything between $10 million - $14 million for the next two seasons. And that brings us to the question of the hour: how much is A.J. Burnett worth over the next two seasons?
• New York Yankees Complete Organizational Chart - MLB Daily Dish
  Rosters, Salaries, Leadership, and Prospects for the entire Yankees org.