Burnett to Pittsburgh

Well it's pretty much official. "Pretty much" since the commissioner's office has to give their stamp of approval to any deal where the teams are exchanging money, not to mention that neither the Pirates nor the Yankees have announced that they've agreed to a deal.

However, Ken Rosenthal has announced that the teams have agreed to a deal, in which Pittsburgh will give the Yankees two low-level minor leaguers, and will be on the hook for $13 million of the $33 million left on Burnett's contract.

Sounds like a great deal to me, as I would have been okay with the Yankees just giving Burnett away. Okay, not really, but you get the point. If the Pirates had only been responsible for $10 million, then that would have freed up enough money for the Yankees to sign Raul Ibanez and Eric Chavez, without having to expand the payroll. This way the team will actually save money even after signing a DH and IF.

EDIT: I read on Twitter, from Joel Sherman, that one of the minor leaguers is Diego Moreno. Nice strikeout rate.

EDIT 2:48pm: Jonathan Mayo is reporting that the 2nd prospect the Yankees will be receiving is Exicardo Cayones, a 21 year-old OFer (mainly LF) that doesn't excite me at all.