Late last night, the Yankees traded Chasen Shreve and Giovanny Gallegos to the Cardinals for first baseman Luke Voit, and international signing bonus pool money. Brian Cashman was back at it again this morning, flipping minor league reliever Caleb Frare to the White Sox for $1.5 million in international signing money.
Frare, 25, was drafted by the Yankees in the 11th round back in 2012. The left-hander spent most of this season in Trenton where he pitched to an impressive 0.62 ERA (2.24 FIP) with 11.75 K/9, 3.09 BB/9 and 0.21 HR/9 across 43.2 innings. He was recently promoted to Scranton where he surrendered one run off of two hits during his only inning of work.
Much like the Shreve and Gallegos trade, this one has to do with Cashman clearing room on the 40-man roster ahead of the Rule 5 Draft. The Yankees just have too many good minor leaguers to be able to protect them all. Frare likely would have been selected by another team, so it’s better to have gotten something for him in return.
The Yankees have now added $2.5 million in international signing bonus pool money over the past 24 hours. Jesse Sanchez believes they are gearing up to sign Cuban pitcher Osiel Rodriguez, who is considered one of the top pitchers on the international market this year.
With just a few days to go before the trade deadline, we could see the Yankees make a flurry of small trades similar to this. Stay tuned.