Nick Swisher Is Traded To N.Y. Yakees

3:02pm: Rosenthal now says the White Sox will also receive Wilson Betemit and pitching prospect Jhonny Nunez. Betemit could be an option at third base for the Sox.

2:54pm: Ken Rosenthal says the Yankees also get pitcher Kanekoa Texeira from Chicago.

2:41pm: According to ESPN's Jerry Crasnick, the Yankees acquired Nick Swisher from the White Sox for minor league pitcher Jeff Marquez. It's not yet known if other players are involved.

Swisher, 28 this month, hit .219/.332/.410 in 588 plate appearances this year. He's set to earn $5.3MM in '09, $6.75MM in '10, $9MM in '11, and has a $10.25MM club option for '12 with a $1MM buyout. So, about $22MM over the next three years. River Ave. Blues loves the flexibility for the Yanks.

Jon's blog comments "The New York Yankees acquired 1B/OF Nick Swisher and a minor league pitcher, ironically with the surname Texeria, for Wilson Betemit, Jeff Marquez, and Jhonny Nunez. As Peter Abraham of the Journal News so eloquantly put it, “There is no “losing” Wilson Betemit. There is dumping Wilson Betemit.” I am delighted that the Yankees were able to get a player of even the slightest significance in exchange for Betemit. Swisher can give the Yankees an option at 1B and the outfield corners, which is always beneficial. Cody Ransom can slide into the utility infielder slot, and Justin Christian is re-learning how to play 2B in the fall leagues, so he can play in the infield in a pinch as well, assuming he makes the roster."