9:43am: Sherman tweets that the deal is done.
9:08am: Not surprisingly, the Yankees will pay Vazquez's entire salary, according to David O'Brien of the Atlanta Journal-Constitution (via Twitter).
8:40am: Ken Rosenthal of FOX Sports tweets that it's a two for one deal. The money is still unclear, though it would be a surprise to see the Braves pay any of Vazquez's $11.5MM salary next year.
8:34am: The Yankees are closing in on a deal for Vazquez, according to Jon Heyman of SI.com. Heyman says the Yankees will acquire Vazquez and Boone Logan for Melky Cabrera, Mike Dunn and a prospect.
TUESDAY, 8:08am: Olney reports (via Twitter) that the Yanks have inquired on Pirates pitchers Ross Ohlendorf, Paul Maholm and Zach Duke before. Jon Paul Morosi of FOX Sports tweets that the Yankees aren't trading for Duke or Mahlom (though he doesn't mention Ohlendorf).
MONDAY, 9:11pm: Now Mark Feinsand of the New York Daily News tweets that the Yankees are "close to a deal for a starting pitcher, says a source. Still working on who, but I'm told it's not a salary dump deal."
8:55pm: Now Ken Davidoff of Newsday tweets "Hear that Yankees have 'two or three' serious trade talks for starting pitcher - Harang isn't one of them." FoxSports.com's Ken Rosenthal adds via Twitter: "Source: Yankees in 'active negotiations' for a starting pitcher. Not Harang. Trying to find out who."
8:07pm: Could this be related to what David O'Brien of the Atlanta Journal-Constitution wrote in the comments section of his blog earlier this evening?
"Got a call from a NY writer today wanting to know if I’d heard anything heating up between Yankees and Braves…. Apparently Yankees have hinted at doing “something big” soon. Don’t know if that means pitching."
Hard to imagine the Yankees will go another round with Javier Vazquez, but could this mean Derek Lowe? Like Harang, the Yankees could be among the few teams able to take on Lowe's three-year, $45MM deal.
7:49pm: ESPN.com's Buster Olney tweets the following: "Yankees working very hard tonight on deal for starting pitcher. Remember that they came close to deal for Aaron Harang in summer."
If Harang is indeed the target, the Yankees could be one of the few teams that could afford him. Harang is due $12.5MM in 2010, with a $12.75MM team option for 2011 (and more likely, a $2MM buyout).
Harang pitched to a 4.21 ERA in 162 1/3 innings with Cincinnati in 2009, though his peripherals- 142 strikeouts, 43 walks- were strong.
With Andy Pettitte, C.C. Sabathia and A.J. Burnett all under contract for 2010- acquiring Harang would likely spell the end of either Philip Hughes or Joba Chamberlain in the 2010 rotation plans.