Miranda, Curtis sent to Triple-A

In a pair of unsurprising moves, Juan Miranda and Colin Curtis were sent back to Triple-A Scranton this afternoon to make room on the roster for Lance Berkman and Austin Kearns. They both did an admirable job plugging holes during the summer, particularly Curtis, who never seemed to have a bad at-bat, but the Yanks simply needed to get better players and more production out of the designated hitter and fourth outfielder spots. They’ll be back in September; don’t worry.

For the number junkies among us, Lance Berkman will don 17, and Austin Kearns will carry 26 on his back. I guess John Flaherty and El Duque won’t live to see their pinstriped numbers retired.

Chan Ho Park designated for assignment

Via Marc Carig, Chan Ho Park has been designated for assignment to clear room on the roster for Kerry Wood. Al Aceves was moved to the 60-day DL to free up a 40-man roster spot for Austin Kearns.

I was definitely a fan of the CHoP pick up at the time, but it obviously didn’t work out. Despite peripherals similar to last year, he became incredibly homer prone and just generally unreliable. He did give us this, however, and for that we will be eternally grateful.

Yankees acquire Kerry Wood

(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.

Sherman: Yanks still looking for an utility infielder

With their designated hitter and fourth outfielder issues solved, the Yankees are still on the hunt for a backup infielder according to Joel Sherman. They’re obviously looking for a guy that could handle shortstop and third base without a problem, plus someone who could outhit Ramiro Pena. That last part won’t be so difficult, Pena’s got a .223 wOBA this season.

The trade deadline is just over two hours away (4pm ET), but remember that deals can still go down in August after some waiver shenanigans.

It’s official: Lance Berkman is a Yankee

The 24-hour grace period is over, and according to a press release the Yankees have officially acquired Lance Berkman. The Astros receive minor leaguers Mark Melancon and Jimmy Paredes in the deal while kicking in $4M to help cover for the $7M still guaranteed to Berkman through the end of the season. The Yanks’ new designated hitter will be in uniform tonight, and presumably in the starting lineup.

Welcome to the Boogie Down, Lance.

Deadline Day Open Thread

The Yankees acquired both Lance Berkman and Austin Kearns yesterday, fortifying their lineup and bench. Both are expected to be in uniform tonight, and I assume Berkman will start at designated hitter. They’re reportedly still working on some moves, though nothing as major as what they did yesterday. Might as well start the day off with a latest rumors, with more sure to come throughout the day.

In semi-related news, the Rays acquired Chad Qualls, probably the best reliever available on the market. Don’t be fooled by his 8.29 ERA (.434 BABIP, 51.4% strand rate), the peripherals are strong.

Feel free to use this thread to talk about any trade chatter throughout the day, but if the Yanks make any moves we’ll be sure to have up new posts. Also, make sure to check out Steve’s latest on Joba and Robertson, and come join me at the FanGraphs chat at 1.