So Lance Berkman is officially in the fold. The Bombers made the announcement early this afternoon once Berkman's 24-hour window to veto the trade expired. The Yankees will get four million to offset the seven million remaining on Berkman's deal this season.
That cash means the Yankees had to give Houston something of value and that piece is Mark Melancon. Melancon was a candidate to follow the path of Dave Robertson in the big leagues this season, but the control that had made him so dominant during the 2008 and 2009 seasons eluded him at the big league level and in the minors this year. The 25-year-old righty may benefit from a change in scenery plus the change in league and division.
The Yankees also sent Jimmy Paredes a 21-year-old infielder in Low-A ball. He has a good arm and can hit a little, but he wasn't anything the Yankees had to think twice about giving up.
It also appears that Yanks are bringing in Kerry Wood. Obviously Wood would be a bridge to Mo in the late innings. He has been a disappointment as Cleveland's closer, posting a 4.80 ERA in 80 innings for the Tribe. He has hit the DL twice this year, most recently with a blister problem.
It probably wont cost the Yankees much in terms of prospects so really its a no lose situation for the Yankees as Wood can still light up a radar gun and drop that hammer curve.