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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.

Mariners, Indians and Rays make a three-way swap

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The Indians, Mariners, and Rays are working toward finalizing a three-team trade. The full details have not been revealed yet, and there are conflicting reports as to who is going where, but we know that Carlos Santana and Edwin Encarnacion are involved.

Initial reports have the Mariners getting Edwin Encarnacion from the Indians in exchange for Carlos Santana, with Cleveland also receiving first baseman Jake Bauers from the Rays. Outfielder/third baseman Yandy Diaz will reportedly head to Tampa Bay along with a player to be named later. There has been a conflict in the past few minutes, however as to where Encarnacion is actually going: Seattle or Tampa Bay. Mark Feinsand of MLB.com says it’s Seattle, Bob Nightengale says it’s Tampa Bay. We’ll know soon enough, I suppose.

Santana played for the Phillies last year and was traded to Seattle just a couple of weeks ago. He’ll never have a chance to wear a Mariners uniform and, instead, will go back to Cleveland, where he played his entire career until 2018. Encarnacion has spent the last two years in Cleveland. Santana is owed $35 million over the next two seasons and has a 2021 buyout. Encarnacion is owed $24 million in 2019 if you include the buyout on his 2020 club option.  If Encarnacion is going to Seattle, you have to figure that the Mariners will flip him in mid-season if possible.