Jul
31

Yankees acquire Kerry Wood

By

(AP Photo/Mark Duncan)

Yankees have acquired Kerry Wood for a player to be named later or cash according to Buster Olney, Joel Sherman, and Jon Heyman. Heyman says the Indians will pay more than $2M of the $3.8M owed to Wood through the end of the season. The Yanks are on the hook for just $1.5M, cup holder change for the Steinbrenners, but Sherman says the compensation is also conditional on Wood’s health. Basically the Yanks could end up playing as much as half of the money still owed to the righty if he stays healthy.

Joe presented the case for acquiring the former Cubs’ phenom a few weeks ago. Wood just came off the disabled list today, missing some time with a blister. His ERA is an ugly 6.30, but that is a product of a five run, one out appearance back in May. He’s been much better since that disaster (.220/.313/.339 against). Wood still has nasty stuff and is definitely tough as nails, and with the Indians eating a chunk of the money, this is a low risk, super high upside move.

The beautiful thing about bullpens are that they’re seven men deep. Wood doesn’t replace Joba Chamberlain or David Robertson, he replaces whoever gets cut, basically the 24th or 25th man on the roster. The move gives the Yanks another late inning option, whether that’s the 7th or 8th inning doesn’t matter. It’s just extra inventory, which is never a bad thing. Hopefully this move means the end of Chan Ho Park, but that guy’s got more lives than a cat.

257 Comments»

  1. Jobamania aka EvoLuTioN says:

    EXCELLENT
    Our bullpen just got a whole lottttttttttt stronger.

    LOOGY wise we didn’t need downs, i have faith in BOONE, and eventually Marte

    • ralph esposito says:

      so glad to get rid of chan ” out of the’ park
      and happy to take a shot with wood
      we still need to get rid of pena…he cant hit a lick….i believe something will still get done in august..

  2. Wil Nieves #1 Fan says:

    Dick. went. soft.

    Wood? Lame.

  3. Jobamania aka EvoLuTioN says:

    Buster_ESPN
    Heard this: The Indians would eat a lot of the money owed to Kerry Wood if the Yankees and Cleveland finish this deal.#trades 1 minute ago via web

  4. j_Yankees says:

    ::waiting to hear the price::

  5. zs190 says:

    He was awesome 2 years ago. He was solid last year. He’s pretty bad this year. Just came off DL today, this better be for a fringe prospect with Indians eating 80% of the money or something.

  6. Steve H says:

    Awesome. Simply awesome.

  7. Will (the other one) says:

    Gotta love Cleveland in salary-dump mode. Useful pieces in exchange for (possible) non-prospects and very little financial commitment? Yes, please.

  8. Ross in Jersey says:

    Cashman earning that paycheck boy. His best trade deadline since he brought in Bobby and Lidle.

  9. Esteban says:

    6.30 5.21 5.04 -0.2
    ERA FIP XFIP WAR

    How does this help?

  10. Sean says:

    Kind of a novice question, but I never knew. Is “a player to be named later” someone who we have not figured out yet who it is going to be or is it someone we are just not naming right now but we know who it is?

    • sangreal says:

      It can be both. Some players aren’t eligible to be traded (recent draft picks I think), so they have to be named later. In other cases the team is given a list of players to choose from but they haven’t decided, or the two teams just agree on a generic type of prospect but haven’t decided who it will be. Often it seems the PTBNL ends up being cash.

  11. mikebk says:

    have to assume that wood would clear aug waivers, so why not let him show he is healthy?

  12. Bryan says:

    “#Indians aggressive sellers: Kearns (NYY), Westbrook (STL), Kearns (NYY).” -Rosenthal.

    Hmmm…..

  13. forensicnucchem says:

    Yuck, but oh well. Bye-bye Park.

  14. Jobamania aka EvoLuTioN says:

    Who gets cut for Kerry wood?

  15. FIPster Doofus says:

    Harold Reynolds is bashing the move. That makes me like it even more.

  16. Poopy Pants says:

    MLB network automatically putting Wood (fresh off the DL) to the 8th (based on zero info)! Then pissing and moaning about him going to the 8th!
    Amazing journalism!

  17. bonestock94 says:

    Love this, nothing to lose.

  18. Clemson Rob says:

    Maybe the Yankees have a hot tub time machine and can go back in time to when Lance and Kerry Wood were much much better.

    • Ross in Jersey says:

      they’re buying low. Not giving up anything but money and some fringe prospects. Who can argue with that? These guys are all upgrades over what we have now.

    • FIPster Doofus says:

      Lance is still pretty good. Wood, we’ll see. He’s worth taking a flyer on.

  19. Ross in Jersey says:

    ESPN sure didn’t miss out on anything when they fired Howard Reynolds. First he thinks that Berkman will bat cleanup, now he thinks Wood would be the 8th inning guy for the Yankees. How does this man have a job?

    • Pat D says:

      To be fair, the other guy said he’s hitting cleanup.

      To be not fair, he said he’d hit Berkman 5th, with Cano 7th. He also then had Swisher 8th and Grandy 2nd. Even with Grandy’s surging of late, that should definitely be reversed.

    • Jobamania aka EvoLuTioN says:

      affirmative action

  20. frank says:

    Wood gives up a lot of fly balls/erratic. Not sure I’d trust him any more than Joba in the 8th.

    • Steve O. says:

      Joba Chamberlain is good. If you say you’re not sure you’d trust him over a good player, that’s not a bold statement. Saying the same for CHoP or Gaudin is bold.

      Kerry Wood doesn’t have to set the world on fire. He throws gas, and that can lead to a lot of success with his track record.

  21. JoeC says:

    I figured Wood was discussed when they were talking Kearns. Whats the price….should be intresting….Melancon went from top 15 prospect to non prospect in 3 months, so who knows

  22. mikebk says:

    “Joelsherman1 Kerry Wood deal from #Indians to #Yankees is completed, awaiting Commissioner’s approval on dollars that Indians are sending Yanks”

  23. mikebk says:

    what a catch by Shelley

  24. With Berkman+Kearns+Wood joining the 40 man and Melancon+one of Gaudin/Park/Moseley leaving it, we still need to clear one more spot.

    Thus, I wouldn’t object to a decent fringy guy on the 40-man being the bounty for Kearns/Wood, since someone’s got to get DFAd anyway.

    Greg Golson? Chad Huffman? Reegie Corona? Romulo Sanchez? Wilkin De La Rosa? Any of them would be okay guys to send to Cleveland. If it’s a lesser prospect not on the 40, we’re losing one of them regardless.

  25. Will (the other one) says:

    Next up: Cashman acquires Grady Sizemore in exchange for three falafel pitas and John Flaherty. Cleveland agrees to pay the rest of Sizemore’s 2010 and 2011 salary.

    Just give it about ten minutes.

  26. ZZ says:

    Have to love a GM who is not satisfied with having the best record in baseball.

    Fantastic deadline for Cashman.

    Feels like a dynasty year deadline adding a big bat and some veteran presence on the bench + bullpen.

  27. mikebk says:

    hilarious they think wood might close when he is rumored to be in a deal.

  28. j says:

    God, Joba, DRob, Wood, Marte, Boone, Mitre

    That’s our bullpen?

  29. Jobamania aka EvoLuTioN says:

    2:37pm: The deal is done pending commissioner’s approval on the dollars the Indians are kicking in, tweets Joel Sherman of the New York Post.

  30. bexarama says:

    I’m pretty meh on Wood but if it’s for basically nothing, that’s great.

  31. mikebk says:

    guess the jays dont plan on moving downs since they put him out there in the 9th 15 min before the deadline.

  32. Ross in Jersey says:

    Red Sox DFA’d Hermedia. Prelude to a move? He stunk since coming off injury, so maybe it was just that.

  33. j_Yankees says:

    PTBNL or $$

    Ninja Cashman WIN.

  34. Tophitter says:

    Red Sox Designate Jeremy Hermida For Assignment

    http://www.mlbtraderumors.com/.....nment.html

    I wonder what Peter Gammons thinks of this move. I believe he was just praising the trade from the Marlins as major less than a season he is DFA

  35. Carlosologist says:

    This has been such a great deadline. We got a DH who walks like Nick Johnson, a 4th OF much better than what we’ve had for half the season, and we got a former strikeout artist to solidify the pen.

  36. mikebk says:

    wood not coming in for the save, so deal likely done as sherman has claimed.

  37. mikebk says:

    2:45pm: The Indians will receive a player to be named later or cash for Wood, tweets ESPN’s Jayson Stark.

  38. JoeC says:

    So is Ramiro Pena still the back up third baseman?

    • sleepykarl says:

      I’m starting to think it is time to swap him an Nunez. Everyone knows what Pena is, I’m intrigued to see what Nunez will be.

  39. phughesisgod says:

    Big fan of this deadline. I just wish we could have also gotten a utility infielder:(.

  40. j says:

    Sabean makes a good move and trades for Javier Lopez… could’ve replaced Boone as our 2nd lefty after Marte

  41. Jobamania aka EvoLuTioN says:

    Yanks pay 1.5m of the salary

    Done deal

  42. Zack says:

    May 19th: 0.1 IP, 4 H, 5ER, 2 BB, 1 SO

    Since May 21: 16.2 IP, 14H, 6BB, 15 SO, .222/.310/.381, .244 BABIP

  43. mikebk says:

    we are paying 1.5 mil of wood’s deal left.

  44. Dirty Pena says:

    Is there any examples of “players to be named later” who turned out to be good?

  45. Pat D says:

    LoHud reporting Curtis and Miranda optioned.

  46. T-Dubs says:

    I wonder who gets cut from the 40 man. WDLR seems like a no-brainer but we need one more right?

  47. j says:

    Who’s watching MLB Network right now?

  48. CNight_UP says:

    deal is official…

  49. Mike HC says:

    Excellent. Another hard thrower in the pen can only help. I love how Cashman restocks the back of the roster at the trading deadline.

  50. Jobamania aka EvoLuTioN says:

    Dotel for the Dodgers for James Macdonald and an PTBNL

  51. Carlosologist says:

    Watch,

  52. James d. says:

    Glad to see some movement to bolster the pitching side of the team, assuming this goes through. Was getting worried that it was a hitters-only buy for the Yanks.
    Only nit-pick I’ll take with Mike’s post is Wood being “tough as nails.” Is that because he keeps coming back from injury? I probably just read too much into it.
    Anyways, agree fully on the low risk/high upside of the move.

  53. phughesisgod says:

    How many deals do you think we will hear about in the coming hour that no one even talked about today?

  54. bonestock94 says:

    I’d much rather see Gaudin go over Park.

  55. Jobamania aka EvoLuTioN says:

    3:01pm: The Yankees will pay an additional $200K if Wood stays healthy, tweets Stark.

  56. bexarama says:

    Where is Josh Johnson?!?!?!??!?!?!!! Deadline failure, Cashman u teh idiot!!!!

  57. vin says:

    A playoff bullpen of Mo, Hughes (presumably), Joba, K-Rob, Marte, Wood, and whoever is pitching best between Aceves/Mitre/Moseley/Gaudin (probably in that order) is plenty good. Berkman/Thames as DH. Kearns off the bench.

    Cashman is a ninja-master.

    • T-Dubs says:

      Mo willing we make it to the World Series, the two pinch hitters in late innings would be Berkman vs. righties, Thames vs. lefties.

      Holy Jesus Montero.

  58. mikebk says:

    “BloggingBombers Berkman said he thinks he’ll be hitting in the No. 2 spot initially.”

  59. Steve H says:

    this is a low risk, super high upside move.

    How anyone can not like this deal is mind-bottling.

  60. bonestock94 says:

    Gotta love this deadline, this team filled every need without giving up anyone we’ll miss.

  61. j says:

    Berkman is doing an interview in a Yankees uniform. Looks great.

  62. T-Dubs says:

    How bad is that Dotel trade for the Dodgers?

  63. B-Rando says:

    Say adios to the goatee Kerry. Welcome to a pennant race.

  64. Pete says:

    Yankees give up: Mark Melancon, Jimmy Paredes, PTBNL, and something like $6 million

    Yankees get: Lance Berkman, Austin Kearns, Kerry Wood

  65. mikebk says:

    ankiel and farnsy to atl.

    ramon ramirez out of boston to sf.

  66. T-Dubs says:

    Sherman:

    If Wood stays healthy the rest of the year, #Indians would have a choice to take $500,000 or 2 middling prospects

  67. mikebk says:

    “Joelsherman1 If Wood stays healthy the rest of the year, #Indians would have a choice to take $500,000 or 2 middling prospects #Yankees There also is a sliding scale if Wood misses time to injury then #Indians would get less $ or could do combo of dollars/prospects”

  68. bexarama says:

    Lance Berkman is freaking awesome. Apparently Andy Pettitte > the entire White Sox organization.

  69. j says:

    john Hart just said the yankees have a deep and thick lineup.

    smh

  70. mikebk says:

    Miggy w a 2 run bomb off Dice-K. why even pitch to this guy, take the maddon approach.

  71. j says:

    MLB Networks is having an orgasm over the Yankees’ moves, speaking of the deep and thick Yankees.

  72. mikebk says:

    NYY lineup vs TB 7/31: Jeter 6, Berkman DH, Teixeira 3, Rodriguez 5, Cano 4, Swisher 9, Granderson 8, Cervelli 2, Gardner 7, Vazquez 1

    i would swap berk and swish, but fine w that.

    • j says:

      I like Swish better in the bottom using his better average and equal power to drive runs in behind the top 5 players. Berkman is playing Johnson’s role from the beginning of the season…

  73. stuart says:

    posada is a part time player now. 80 games. they need to add a catcher for next year. montero or romine are going to need to take the next step….

  74. Carlosologist says:

    Tonight’s lineup:

    SS Jeter
    DH Berkman
    1B Teixeira
    3B Rodriguez
    2B Cano
    RF Swisher
    CF Granderson
    C Cervelli
    LF Gardner

  75. T-Dubs says:

    I am satisfied.

  76. Dela G says:

    park was DFA’d

    thank god

    however ace is on the 60 day DL. Anyone know when he’d hbe eligible to come off the DL?

    ha i spent 15 dollars today for 12 hours of internet, sitting in an internet cafe, and reading all of the rumor sites.

    man i love baseball

  77. forensicnucchem says:

    Park DFA, finally!!!!!

    Though, they’ll now have to make another 40 man move to get Kerry Wood on the roster.

  78. Simon says:

    I just say Ed Wade on a press conference (never saw him before), did something die on the top of his head?

  79. BigBlueAL says:

    Chan Ho DFA’d.

  80. Slappy White says:

    Deep and Thick > Gritty and gutty

  81. Johan Iz My Brohan says:

    Theo Epstein’s dream of Saltalamachacha (intentional) is finally a reality… two years later. When he can’t throw back to the pitcher anymore.

  82. Kenny says:

    Great, Kerry Wood. Now Nick Johnson has someone to car pool with to the MRI at Columbia Presbyterian Hospital.

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