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Yankees finalize trade for Andrew McCutchen

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11:46 AM: The deal is official. The Yankees have acquired Andrew McCutchen from the San Francisco Giants along with cash considerations in exchange for minor league infielder Abiatal Avelino and minor league righty Juan De Paula.

The cash considerations are no small matter. McCutchen is not owed much for the remainder of the year — only about $2.5 million — but as both the Giants and the Yankees are very close to the luxury tax threshold and do not wish to exceed it, they needed to split that money up in a pretty precise way.

McCutchen will be with the Yankees for the season’s final month and, as it appears likely, the Wild Card game. If they proceed beyond that it’ll be the playoffs followed by free agency for the 2013 NL MVP. For now, he’ll look like this, absent the beard of course:

THURSDAY: ESPN’s Buster Olney reports that the Yankees have acquired outfielder Andrew McCutchen from the Giants in exchange for a pair of prospects. One of those prospects is middle infielder Abiatal Avelino, Sherman notes. The other prospect is not yet known.

Aaron Judge has taken longer than expected to recover from a fractured wrist, so McCutchen gives them some extra punch until Judge comes back.

McCutchen, 31, has hit .255/.357/.415 with 15 home runs and 55 RBI in 568 plate appearances this season with the Giants. He’s owed the remainder of his $14.75 million salary and is a free agent after the season.

Avelino, 23, is rated as the No. 23 prospect in the Yankees’ system. This season, between Double-A Trenton and Triple-A Scranton/Wilkes-Barre, Avelino hit .287/.333/.446 with 15 home runs and 66 RBI across 501 trips to the plate.

White Sox won’t make bid for Bryce Harper

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The White Sox won’t make a bid for free agent outfielder Bryce Harper, Bruce Levine of 670 The Score reports. Believed to be the favorites to land shortstop Manny Machado in free agency, the White Sox watched him ink a 10-year, $300 million contract with the Padres. The club is apparently content with its roster otherwise.

Harper would certainly be an upgrade in the outfield, which currently features Adam Engel, Nicky Delmonico, and Jon Jay. It will soon feature prospects Eloy Jiménez and Luis Robert.

Last season, Harper hit .249/.393/.496 with 34 hom eruns, 100 RBI, 103 runs scored, and 13 stolen bases in 695 plate appearances. He led all of baseball, drawing 130 walks. Harper is also a six-time All-Star who won the 2012 NL Rookie of the Year Award and the 2015 NL Most Valuable Player Award.

The Phillies are still believed to be the favorites to sign Harper and the club is confident it will land him, Matt Breen of the Philadelphia Daily News reports.