Yankees, Mariners agree to Jesus Montero-for-Michael Pineda swap

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UPDATE: Greg Johns of MLB.com was told by a team source that the Mariners are sending Michael Pineda and 19-year-old right-hander Jose Campos to the Yankees for Jesus Montero and right-hander Hector Noesi.

It’s easy to say the Mariners should have just signed Prince Fielder and kept Pineda, but perhaps this was an acknowledgement that it was never a realistic possibility. Safeco Field is one of the worst stadiums in baseball for right-handed hitters, but the 22-year-old Montero at least has power to the opposite field. He will presumably be the primary designated hitter in Seattle, though it’s possible they could try him behind the plate.

Pineda, who turns 23 next Wednesday, posted a 3.74 ERA and 173/55 K/BB ratio over 171 innings as a rookie with the Mariners last season. This included a 2.92 ERA at home and a 4.40 ERA on the road. Still, the Yankees now have yet another cheap, young pitcher with upside to put behind ace CC Sabathia for the next few years. Campos, who had a 2.32 ERA and 85/13 K/BB ratio over 81 1/3 innings at Low-A last season, is yet another option down the road.

Montero was projected to the Yankees’ designated hitter this season, so it will be interesting to see where Brian Cashman turns in the next few days. With Alex Rodriguez likely to need more DH time over the next few years, do they go for a short-term solution like Johnny Damon or Carlos Pena? Or do they intensify their pursuit for Yoenis Cespedes or perhaps even make a play Prince Fielder? Interesting times.

7:42 PM: According to Jon Heyman of CBSSports.com, the Mariners have indeed acquired Jesus Montero from the Yankees for Michael Pineda. He adds that there are additional players in the deal. Wow.

7:30 PM: Here’s a juicy one.

According to Jerry Crasnick of ESPN.com, the Mariners are moving closer to a trade  for a “young impact hitter.” No word on who they might be talking to, but Crasnick was told that it’s a “significant trade” and that closer Brandon League is not going in the other direction.

Nothing confirmed here, but Larry Stone of the Seattle Times is hearing rumblings that the Mariners could be sending young right-hander Michael Pineda to the Yankees for Jesus Montero.

That would be a doozy. Stay tuned.

Yankees acquire A.J. Cole from the Nats

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The New York Yankees have acquired reliever A.J. Cole from the Washington Nationals for cash considerations.

Cole was supposed to be the Nats’ fifth starter this year but that didn’t work out too well. He pitched in four games for the Nats, starting two, to the tune of a 13.06 ERA, having given up six home runs in 10.1 innings. That’s . . . something.

Don’t get too used to Cole on the New York roster, as this seems like one of those “give us an arm” for a couple of days deals, after which Cole will be DFA’d and will either accept an assignment to Scranton or be cut loose. Such is life at the fringes for a guy who is out of minor league options.