Without knowing the structure of your league (i.e. categories, roto vs H2H, how many teams) it is tough to give an opinion.
But it looks like a decent team. You have power (morneau, Hafner, Bay, Cabrera). You have some speed ... though no low risk big SB guys (Freel and Roberts have the potentioal, but both carry real risks, obviously) - though you do have nice help on the margin in SB with Bay, cabrera, Jones, Lugo and Phillips.
I like your staff: No true studs, but good balance. Nothing wrong with Sabathia, Lackey, Myers and olsen to lead your staff, with Garza and D. Cabrera as flyers. And though your closers have risks, you do have 3 of them.
You could probably use an upgarde over Peralta, and one more surer quality picther of some type.
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