Archive for Transactions

Monday: Via The NY Post, we have a breakdown of Garcia’s incentives. He’ll make an additional $250k each for his 25th, 27th, 29th, and 30th starts, then $275k for his 31st start and $300k for his 32nd start. Freddy only made 25 starts in 2011, in part because the Yankees avoided using him like the plague back in April. Things figure to be different this time around.

In other news, Marc Carig reports that Curtis has cleared waivers and been outrighted to Triple-A Scranton. He remains with the organization, but is no longer on the 40-man roster. Part of me wondered if some NL team would grab him as a lefty hitting fifth outfielder, but nope. The shoulder injury was too much of a red flag, I guess.

Friday: A little more than two weeks after agreeing to a new deal, Freddy Garcia is officially back in pinstripes. Sweaty Freddy signed his one-year contract this morning, which Bryan Hoch says is worth $4M guaranteed plus another $1.575M in incentives based on games started.

To make room on the 40-man roster, the Yankees have designated Colin Curtis for assignment. The 26-year-old outfielder missed the entire 2011 season after suffering a shoulder injury in Spring Training, though he’s hitting .300/.391/.450 in winter ball so far (23 games). Curtis figured to be the team’s extra outfielder in Triple-A this year since Greg Golson has been released and both Justin Maxwell and Chris Dickerson are out of options. There’s a chance he’ll get claimed off waivers, but the shoulder injury is working in the Yankees’ favor.

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Dec
08

So long, Greg Golson

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Via Joel Sherman and Bryan Hoch, the Yankees have released Greg Golson to make room on the 40-man roster this morning’s two Rule 5 Draft pickups. They had one open 40-man spot, so only one move was needed.

For all his physical ability, Golson has never been able to put it all together. He has eight hits and one walk in 42 career big league plate appearances, and is a career .261/.318/.380 hitter in 1,383 Triple-A plate appearances. Golson can play some serious defense though, and I’m sure Carl Crawford is still having nightmares after this throw. There’s a non-zero chance that he clears waivers and returns to the Yankees.

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Nov
30

Trading with the NL

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For an introduction to this post, check out last night’s item on the Yanks’ recent trades with AL teams. Tonight, I’m tackling the NL. Some thoughts at the end.

Arizona Diamondbacks: The Yanks and Diamondbacks have made a few key franchise-defining trades over the years. Two of them involved Randy Johnson, and a third sent Ian Kennedy to the desert where he has blossomed. The most recent deal between these two clubs saw Juan Miranda head to Phoenix in 2010 in exchange for minor leaguer Scottie Allen.

Atlanta Braves: The Boone Logan trade on December 22, 2009 was the last deal between these two teams. I will say nothing more of that transaction. Before that, the two teams hadn’t exchanged players since a 1995 deal sent Luis Polonia to the Braves for a nobody.

Chicago Cubs: Matt Garza seems to be available, and Brian Cashman‘s buddy Theo Epstein is now in charge of the Cubs. Over the past ten years, the Yanks have acquired Matt Lawton (2005) and Glenallen Hill (2000) from the Cubbies.

Cincinnati Reds: On July 31, 2009, the Yanks acquired Jerry Hairston for Chase Weems. They haven’t won a World Series since Hairston left. Coincidence? I think not.

Colorado Rockies: The Yankees and Rockies haven’t done much on the trade market together. Their biggest deal involved sending Mike DeJean to Colorado for Joe Girardi back in 1995. In April 2010, the Yanks acquired Robby Hammock for a PTBNL who was never actually named later.

Florida Marlins: The Yanks and Marlins have made three trades, and one of them was absolutely awful. In 1999, the Yanks sent Mike Lowell to Miami for for Todd Noel, Mark Johnson and Ed Yarnall. Their last deal came in 2005 when the Yanks Ron Villone for Ben Julianel.

Houston Astros: On July 31, 2010, the Yanks sent Mark Melancon and Jimmy Paredes to the Houston Astros for Lance Berkman. Should of kept.

Los Angeles Dodgers: In 2007, the Yanks took Scott Proctor away from Joe Torre and turned him into Wilson Betemit who eventually became Nick Swisher. Despite their intertwined histories, the Yanks and Dodgers have consummated only 29 trades.

Milwaukee Brewers: On June 29, 2011, the Yanks purchased Sergio Mitre from the Brewers, and there was much rejoicing in the land.

New York Mets: The Yanks have traded just 12 times with their crosstown rivals. Most recently, the clubs swapped southpaws in 2004 when the Yanks shipped out Felix Heredia for Mike Stanton.

Philadelphia Phillies: The Bobby Abreu fleecing marks the most recent trade between these two perennial contenders. In 2006, the Yanks acquired Abreu and Cory Lidle for C.J. Henry, Jesus Sanchez, Carlos Monasterios and Matt Smith.

Pittsburgh Pirates: After a flurry of trade activity in 2008-2009, the Yanks haven’t made a move with the Pirates since they landed Eric Hinske for Casey Erickson and Eric Fryer in June of 2009.

San Diego Padres: Money in exchange for Chad Gaudin in 2009 was the last dealing between these two teams. The Hideki Irabu deal stands out as the biggest between these two teams.

San Francisco Giants: The Yankees and their former executive Brian Sabean have not traded together in ages. The last deal between these two teams came in 2001 when the Yanks sent Jay Witasick, after his disastrous appearance in Game 6 of the 2001 World Series, to the Bay Area for John Vander Wal.

St. Louis Cardinals: Not much dealin’ going on here. In June of 2003, the Yanks sent Sterling Hitchcock to St. Louis for Ben Julianel and Justin Pope. I guess they liked that Julianel guy.

Washington Nationals: In February, the Yanks sent Adam Olbrychowski to D.C. for Justin Maxwell. But remember when the Yanks got Javy Vazquez for Randy Choate, Nick Johnson and Juan Rivera? It seemed like quite the deal at the time.

* * *

So that’s the Yanks’ recent trade history. As I’ve gone through the transactions from the other 29 clubs, I’ve noticed that franchise-changing trades happen every few years, and they’re never as expected. In back-to-back seasons, the Yanks landed Curtis Granderson and Nick Swisher and tried the same with a well-intentioned Javy Vazquez trade. Otherwise, though, most trades are minor moves that have only tangential impacts on the big league club, and they don’t happen all that often.

Now, we wait. Perhaps the Yanks will make a big splash on the trade market. It seems likely than via free agency this year. But we don’t know what the moves will be or when. Trades that actually happen come together without the media fanfare of rumored deals. It could be Nick Swisher, it could be Mike Lowell or it could just be Chad Gaudin.

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Nov
29

Trading with the AL

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As the Hot Stove League slowly inches toward the Winter Meetings, trades have been a popular topic of conversation. No one is that impressed with C.J. Wilson or his $100 million asking price, and Yu Darvish’s posting remains on hold as he sorts out his divorce. So the Yanks could turn to the trade market for inspiration and improvements.

We’ve heard some names of potentially available players. Maybe the Yanks will eye Matt Garza. Maybe Oakland will dangle Gio Gonzalez. Maybe the White Sox will part with John Danks. Of course, we can draw up trade proposals (that probably come out of left field), but the truth remains that some GMs and clubs get along better with each other than others.

So as an exercise in both pointless baseball minutiae and Yankee history, let’s review their past trade history. We’ll start with the last transactions the Yanks have made with each of the Junior Circuit clubs and wrap up with the NL tomorrow night. As free agency has become their milieu, the Yanks certainly have not been very active on the trade market over the past few decades.

Baltimore Orioles: Despite 55 trades in their long histories, the Yankees and Orioles haven’t done much wheelin’ and dealin’ since John Habyan came to New York in exchange for Stan Jefferson in 1989. Their most recent trade involved a swap of Jaret Wright and cash for Chris Britton in November of 2006. In 2009, the Yanks purchased Freddy Guzman from the O’s, and that’s all she wrote.

Boston Red Sox: Frequent division rivals make for infrequent trade partners. On August 13, 1997, the Yanks sent Tony Armas and a PTBNL (eventually Jim Mecir) to the Red Sox for Mike Stanley. The Red Sox used Armas to acquire Pedro Martinez a few months later, and the two teams haven’t made a deal since then.

Chicago White Sox: Yankee fans love to target the White Sox as potential trade partners because they always seem so willing to bend over backwards for the Yanks. On November 13, 2008, the Yanks sent Wilson Betemit, Jeff Marquez and Jhonny Nunez to the South Siders for Nick Swisher and Kanekoa Texeira.

Cleveland Indians: The Yanks and Indians consummated two trades in two days at the 2010 deadline. On July 30, the Yanks landed Austin Kearns for Zach McAllister, and the next day, Brian Cashman brought Kerry Wood to the Bronx in exchange for Andy Shive and Matt Cusick. The two teams’ last trade involving only Major League players came in 2000 when Zach Day, Ricky Ledee and Jake Westbrook turned into David Justice.

Detroit Tigers: Over the past decade, the Yanks and Tigers have been very active trade partners. A 2002 blockbuster saw Jeff Weaver land in the Bronx while the Yanks dumped Gary Sheffield on Detroit in late 2006. In 2008, Pudge Rodriguez came to New York just in time to ruin Joba Chamberlain while Kyle Farnsworth left. The most recent deal between these two teams though involved Curtis Granderson. In December of 2009, the Yanks landed Granderson while Phil Coke and Austin Jackson went to Detroit. To round out the deal, Ian Kennedy and Edwin Jackson headed to Arizona, and the Diamondbacks sent Max Scherzer and Daniel Schlereth to Detroit.

Kansas City Royals: The Royals and Yankees last made a trade together in 2000 when the Yanks shipped out Wilson Delgado for a fringe Minor Leaguer named Nick Ortiz. Only seven times in Royals franchise history have these two teams traded. That’s a far cry from the days of raiding the Kansas City A’s.

Los Angeles Angels of Anaheim: The Yanks and Angels love trading back-up catchers. In 2007, the Yanks sent Jeff Kennard to the Angels for Joey Catch, and in 2005, they landed Wil Nieves for Bret Prinz.

Minnesota Twins: Since acquiring Chuck Knoblauch in early 1998, the Yanks and Twins have done business just twice. Their last trade came in 2003 when the Yanks shipped Jesse Orosco to the Twins for Juan Padilla.

Oakland A’s: The Yankees and A’s have match up for a trade 63 times, mostly because the Yanks used to treat the A’s as their own Major League farm system. That pipeline has dried up in recent years. Outside of the three-team Weaver deal in 2002, the Yanks haven’t dealt with Billy Beane since 2003 when Chris Hammond went west for Eduardo Sierra and J.T. Stotts. Honorable mention goes out to the 1997 trade of Kenny Rogers for Scott Brosius, and for opposite reasons, the 1989 swap of Greg Cadaret, Eric Plunk and Luis Polonia for Rickey Henderson.

Seattle Mariners: The Yanks and Mariners have swapped players just twice since 1995. The earlier trade that sent Tino Martinez, Jim Mecir and Jeff Nelson to New York for Russ Davis and Sterling Hitchcock was the bigger one. The 2003 exchange concerned Armando Benitez and Jeff Nelson. Best to let those sleeping dogs lie.

Tampa Bay Rays: In 2006, the Yankees bought Nick Green from the Rays, and that’s the only time the two teams have swapped players.

Texas Rangers: The last big trade between the Yanks and Rangers involved some guy named Alex Rodriguez. In 2010, the Yanks sent Mitch Hilligoss to Texas for Greg Golson, and a few weeks later, the Rangers bought Edwar Ramirez from the Yanks.

Toronto Blue Jays: While the Yanks may be kicking the tires on Kyle Drabek, the Bombers and Blue Jays have exchanged players just 17 times. The biggest deals between the two clubs involved David Cone in 1995 and Roger Clemens and David Wells in 1997. The last trade came in 2002 when the Yanks kicked off the Raul Mondesi Era by sending Scott Wiggins to Canada.

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Nov
29

Yankees sign lefty Juan Cedeno

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Via Matt Eddy, the Yankees have signed left-hander Juan Cedeno to a minor league contract. The 28-year-old pitched for the Rio Grande Valley White Wings of the independent North American Baseball League this past season, striking out 65 and walking just ten in 43 relief innings. According to the club’s sabermetric pitching stats page, he also had a Power Fitness Ration of 1.744. I don’t know either.

Before heading to the indy leagues, Cedeno spent a bunch of time in the Red Sox’s and Royals’ farm systems. He also did a year in Korea. Cedeno had some major control problems earlier in his career (78 BB in 90.1 IP in 2006), but he did a nice job of limiting the free pass in 2011. It’s a shot in the dark signing that carries zero risk, sometimes these lefty relievers come out of nowhere to contribute decent innings at the big league level. Throw the kid in Double-A and see what happens.

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Nov
23

Yankees sign Jayson Nix

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Via Joel Sherman, the Yankees have signed utility infielder Jayson Nix to a minor league contract with an invite to Spring Training. Thanks to the new Collective Bargaining Agreement, they’ll have to pay him a $100k bonus if he’s not added to the 40-man roster or released just before Opening Day.

Nix, 29, spent last season with the Blue Jays. He’s a terrible hitter, owning a .207/.280/.368 batting line (.286 wOBA) in 869 career plate appearances. He did manage to hit 26 homers in 653 plate appearances from 2009-2010 though, so there is some pop in his bat. Nix has played second, short, and third extensively in recent years, and he’s also filled in at both corner outfield spots. His defensive stats aren’t anything special though. It’s just a depth move, I doubt he has much of a shot of making the team.

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Nov
18

Yankees add five to 40-man roster

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With the deadline to set the 40-man roster for next month’s Rule 5 Draft looming, the Yankees added RHP David Phelps, RHP D.J. Mitchell, OF Zoilo Almonte, IF Corban Joseph, and IF David Adams to the 40-man roster today. The first three guys are not surprising at all, as I explained yesterday.

Joseph, drafted out of high school in 2008, was eligible for this year’s Rule 5 Draft because he graduated at 19 years old, so he had to protected one year earlier than usual. Adams is somewhat surprising to me; he’s missed the majority of the last two seasons following a brutal ankle injury suffered last May. He’s played in just 29 games since, so the Yankees must feel pretty good about his health if they protected him.

There’s only spot on the 40-man roster left open now, so some guys will get the axe as the Yankees add players this offseason. Kevin Whelan is probably first in line to go, and something will have to give with the out-of-options trio of Greg Golson, Justin Maxwell, and Chris Dickerson.

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Nov
01

Yankees release Andrew Brackman

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On a conference call with reporters, Brian Cashman confirmed that the team did not exercise Andrew Brackman‘s option for 2012 and the right-hander is now a free agent. Had the Yankees picked up the option, they would have paid him a $1M salary in the big leagues and a $500k salary in the minors according to Keith Law.

Brackman should still be under team control as a pre-arbitration-eligible player since he has less than three years of service time, but a clause in his contract stipulated that the team must release him if they declined the option. Presumably, the Yankees could still re-sign their 2007 first round pick to a minor league deal or something. The 40-man roster now sits at 34, but Colin Curtis must still be activated off the 60-day DL.

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CC Sabathia stayed true to his word. After three years of professing his love for New York and the Yankees, the big lefty did not trigger the opt-out clause in his contract prior to tonight’s midnight deadline. As he says in the video above (via Zoodig), he and the team have agreed to a new contract extension that will almost assuredly keep him in pinstripes for the remainder of his career.

Now, for the gory details as reported by Buster Olney, Ken Rosenthal, and Joel Sherman. Essentially, it’s a five-year deal worth $122M guaranteed plus a sixth year vesting option worth $25M. That option depends on the health of his left shoulder. If Sabathia a) finishes the 2016 season on the DL with a shoulder injury, b) spends 45 days on the DL with a shoulder injury in 2016, or c) has to make six relief appearances in 2016 due to a shoulder problem, the option will not vest and he will instead receive a $5M buyout. There is no protection against elbow problems, and as far as we know, there are no provisions about his weight. At the end of the day, the Yankees added one year and $30M guaranteed to the four years and $92M still left on his original contract.

The team’s original offer, which we’ve know about for a while, was a five-year package worth $120.5M guaranteed according to Sherman, or half-a-mil more than Cliff Lee got from the Phillies. The Yankees increased their offer today to keep Sabathia from opting out and hitting the open market. The new deal ensures that CC is the highest paid pitcher in the game in terms of average annual value ($24.4M) and total package (the original $161M contract). We don’t know what other teams would have gotten involved in the bidding had he hit free agency, but I think it was in the Yankees’ best interests to avoid that scenario. Sabathia comes out looking like the good guy as well.

With that taken care of, the team can move forward with its offseason business. The rotation still needs help even with Sabathia back on board, but at least now the Yankees know they will have their ace left-hander ready to take the ball on Opening Day. Welcome back CC, I’m glad you never left.

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As expected, the Yankees have officially exercised their club options for Robinson Cano and Nick Swisher. Cano will earn $14M next season, Swisher $10.25M. Both no-brainers, if you ask me. CC Sabathia has until midnight Monday to opt out of the remaining four years and $92M left on his deal, which he almost certainly will.

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