A Great Start-UPDATED

Jon Heyman is reporting that the Cubs have acquired Chapman from the Yankees for three or four players- Adam Warren, Gleyber Torres, Billy McKinney, and “perhaps” an additional player.

Let’s dispense with the guy we know. Adam Warren is having a bad season in Chicago, but we know exactly what role he is going to fill in New York- 7th inning guy. If he can pitch like he did last year, the Yankees will be happy to have him back. And remember, he is still only 28 and under team control through 2018. We could see him back in the starting rotation down the road as well.

The really great part of this trade for the Yankees are the two prospects Torres and McKinney, ranked #1 and #5 in the Cubs’ system and both in the Top-100 of all prospects by MLB. Some Yankees fans seem upset that they Torres is a shortstop, but shortstops are the Swiss Army Knives of baseball. If you are good enough to play short, you can probably handle almost any other position. McKinney is a left-handed hitting outfielder who profiles as a left fielder in the future. He doesn’t have the speed of Brett Gardner, but is pretty similar in every other way.

So the Yankees add two very good prospects and Warren, in exchange for a few months of Chapman. This is the type of deal a team would only make if it was trying to break a string of 107 years without a championship, because it is a serious overpay. Good for the Yankees for getting them to do it.

However, this can only be the start of this process. It concerns me that Joel Sherman has tweeted about the Yankees trying to sign Chapman to a contract extension. That is the last thing this team should have done, and if it is true, it is an indication that ownership is still dithering about this rebuild. That needs to stop and the Yankees need to put Beltran and many others on the block next. They probably won’t come close to this haul, but the more prospects the better at this point.

UPDATED 3:35PM- Yankees just officially announced the deal. It is as quoted above with the addition of Rashad Crawford, a lottery ticket type player, to the deal.

UPDATED 5:35PM- Prospect lists are notoriously flaky, but most assessments I read agree with this one. Torres is now the Yankees best prospect and McKinney is their 4th-best.