Update #2 (2:04 PM EDT): Ken Rosenthal of FOX Sports reports the trade is official. The Yankees and Cubs should make announcements soon.
Update (12:28 PM EDT): CSN Chicago’s Patrick Mooney reports that 22-year-old outfielder Rashad Crawford is also headed to the Yankees. Crawford is not ranked among the Cubs’ best prospects. This season, at Single-A Myrtle Beach, he has hit .255/.327/.386 with 29 extra-base hits, 30 RBI, and 59 runs scored in 370 plate appearances.
The deal between the Cubs and Yankees involving closer Aroldis Chapman, first reported on Sunday, is complete according to Jon Heyman of Today’s Knuckleball. The Cubs will get Chapman while the Yankees will receive infield prospect Gleyber Torres, outfield prospect Billy McKinney, pitcher Adam Warren, and one more as yet unnamed player. Despite what yesterday’s report indicated, there is no contract extension for Chapman, so he can become a free agent after the season.
Torres, 19, is rated the Cubs’ #1 prospect and #24 overall in baseball by MLB Pipeline. The shortstop has spent the season with Single-A Myrtle Beach, batting .275/.359/.433 with nine home runs, 47 RBI, 62 runs scored, and 19 stolen bases in 409 plate appearances. The Cubs, however, already have Addison Russell at shortstop and have middle infield prospect Ian Happ.
McKinney, 21, is the Cubs’ #5 prospect and #75 overall in baseball. This season, with Double-A Tennessee, he has put up a .252/.355/.322 triple-slash line with 16 extra-base hits, 31 RBI and 37 runs scored in 349 PA. He suffered a hairline fracture in his right knee last year, which might explain why he’s been a bit lackluster with the bat this season.
Warren, 28, is a former Yankee as the club sent him to the Cubs in the Starlin Castro trade over the winter. He’s been unremarkable in one start and 28 relief appearances for the Cubs, posting a 5.91 ERA with a 27/19 K/BB ratio in 35 innings. Warren, earning $1.7 million this season, has two more years of arbitration eligibility remaining.
Since returning to the Yankees, Chapman has recorded 20 saves in 21 chances with a 2.01 ERA and a 44/8 K/BB ratio in 31 1/3 innings. Andrew Miller will likely move into the closer’s role with Dellin Betances setting up the eighth inning for the Yankees.
Chapman, 28, served a 30-game suspension beginning at the start of the regular season due to an offseason incident during which he allegedly choked his girlfriend and fired off eight gunshots in his garage. The police didn’t file official charges.