REPORT: Yankees acquire Lance Berkman from Astros

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UPDATE: Oh boy. Joel Sherman of the New York Post hears that the Astros are covering $4 million the $7.5 million remaining on Berkman’s contract. Buster Olney of ESPN.com hears that the Astros are covering $3 million.

Doesn’t matter. I hear Ed Wade is also giving Berkman a complimentary piggyback ride to meet up with his new team at Tropicana Field.

7:08 PM: So much for reloading. According to Buster Olney of ESPN.com, not only are the Yankees not giving up any major prospects for Berkman, but the Astros are picking up “a lot” of his remaining contract.

6:21 PM: It’s official. According to Joel Sherman of the New York Post, Lance Berkman has consented to waive his no-trade rights and will head to the Yankees. We’ll still have to wait 24 hours due to his 10-5 rights, but this thing is done. It’s not yet known who the Astros will receive in return or if they were willing to eat any of his contract.

Berkman, 34, is owed roughly $5 million for the rest of this season and his contract includes a $15 million team option for 2011 or a $2 million buyout. He requested that his option not be picked up in a trade (and don’t worry, it won’t be), so Berkman will make about $7 million guaranteed.

On paper, Berkman will be the everyday designated hitter for the Yankees moving forward, but perhaps the most interesting angle of this thing is how Joe Girardi will split up the playing time  if Jorge Posada is only available to play behind the plate a few times a week. Ah, what am I saying? It must be tough to be a Yankees fan.

Report: Pirates sign Felipe Rivero to four-year contract extension

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Ken Rosenthal of The Athletic reports that the Pirates will sign reliever Felipe Rivero to a four-year contract extension that includes two club options. The total value of the deal is believed to be $22 million and each club option is worth $10 million.

Rivero, 26, did not come to an agreement with the Pirates to avoid arbitration in his first year of eligibility ahead of last Friday’s deadline. He requested a $2.9 million salary for the 2018 season while the Pirates countered at $2.4 million. This extension will cover all four years of Rivero’s arbitration eligibility and the two club options can cover his first two years of free agency as well.

Rivero was one of baseball’s best relievers last season, finishing with 21 saves, a 1.67 ERA, and an 88/20 K/BB ratio in 75 1/3 innings. The Pirates acquired him from the Nationals along with minor leaguer Taylor Hearn ahead of the 2016 non-waiver trade deadline in the Mark Melancon deal.

Presumably, Rivero’s extension was in the works before he knew anything about the Andrew McCutchen trade. He made a couple of tweets following this afternoon’s news. In one, he used only the “facepalm” emoji. The other was a .gif of The Office character Jim Halpert yelling, “What is going on?”