The Rule 5 Draft just wrapped up a little while ago, and as expected the Yankees lost Double-A outfielder Jake Cave. He was taken with the 2nd pick of the draft by the Reds. What was extremely unexpected was the Braves taking right-hander Evan Rutckyj with the next pick, although maybe that should be expected given the number of former Yankee prospects and MiLers that the Braves have stockpiled over the last few years. The Yankees did not select anybody in the 3 rounds of the Major League draft, but did add 3 players in the Triple-A portion. They also lost 4 more players in that portion of the draft, so it certainly seems as though the Yankee farm system has improved as far as their competitors are concerned.
Cave was expendable thanks to the team's upper-level OF depth and I don't expect Rutckyj to stick on the Atlanta roster all year, so no big loss for the Yanks. The full draft results can be found here.