Apparently there are some legs to this story and the speculation that the Yankees want Garrett Jones appears to be true.
My feelings on a Jones for Burnett and cash trade are very mixed. With as mediocre as Jones is, the deal, in theory, makes sense. However, outside of Jones, the Pirates outlook at first base looks quite bad. Burnett would help shore up the rotation, but losing Jones would create a pretty big hole.
The Yankees really seem like they want to move Burnett, so hopefully talks will go on.