Andrew Miller has been traded to the Cleveland Indians for four prospects, the Yankees announced.
The Yankees will get OF Clint Frazier, LHP Justus Sheffield and RHPs Ben Heller and J.P. Feyereisen from the Indians.
Frazier, an outfielder, is a former first-round pick of the Indians in the 2013 draft. This season, between Double- and Triple-A, Frazier is hitting .273 with a .350 OBP and .461 SLG. He has 25 doubles, 15 home runs and 48 RBI in 94 games.
Sheffield, another first-round pick (2014), has a 3.59 ERA in advanced Single-A over 95 1/3 innings.
Miller has posted a 1.39 ERA and 0.772 WHIP over 45 1/3 innings for the Yankees this season. Over two seasons with New York, Miller had a 1.77 ERA and 0.822 WHIP, with 177 strikeouts, over 107 total innings.
Miller is under contract through 2018 at $9 million per season.
Brian Cashman finally convinced ownership this team was going nowhere and simply could not pass up the chance to add two more first-round picks to a farm system that is now very stacked.
In Frazier, the Yankees add a MLB Pipeline's No. 24 ranked overall prospect. Frazier has immense power potential (graded 65 on 20/80 scale) and he could be ready for the big leagues at some point next season. In Sheffield (the No. 94 overall prospect), the Yankees gain a left-handed starter (three-pitch mix, hits 96 mph, but sits 92-93 mph) the Yankees' system can always use.
With Miller and Aroldis Chapman now dealt, it is easy to believe that the club will try to move quickly on Carlos Beltran and Ivan Nova, who are both free agents at the end of the season. The other names to keep an eye on are Michael Pineda and Nathan Eovaldi, both of whom have been scouted of late. It would not be surprising to see one of them traded as well, as the Yankees completely refocus the vision of the organization.