Via the YES broadcast (Carig confirms), the Yanks acquired Chad Gaudin from the Padres for a player to be named later. Gaudin figures to compete with Sergio Mitre for the fifth starter spot, if not assume it outright. He had a 5.13 ERA in 20 games (19 starts) with San Diego, but his FIP is a much prettier 3.68. Amazingly, Gaudin is only 26 and still has another year of team control left. The PTBNL might be fairly significant (as in not lower level filler).
I’ve been a Gaudin fan since he was with Oakland, so I approve.
Update (10:17pm): Joel Sherman says the Yanks owe Gaudin $650,000 the rest of the year, but tack on another $260,000 to the league for luxury tax.
Update (10:38pm): T-Kep says the plan is for Gaudin to work out of the bullpen, but you have to assume the clock is ticking on Mitre.