Yankees Acquire Kerry Wood

The Yankees may have found their new setup man. They acquired Kerry Wood from the Indians today for a player to be named later and cash. The Indians also picked up $2.17MM of the $3.67MM Wood has left on his contract, but Cleveland will receive an additional $200K from the Yankees if Wood stays healthy. The former phenom was just activated from the DL today after dealing with a blister. In 20 innings this season, the 33-year-old righty has a 6.30 ERA, 8.1 K/9, and 5.0 BB/9.

Wood doesn't know what role he'll have in Joe Girardi's bullpen, but he's excited to be joining a team that has a chance to win the World Series.

"That’s why we all play the game," he said.

Indians manager Manny Acta explained that Chris Perez will now be the team's permanent closer. And though Acta would rather be buying than selling, he's glad to see his former players join contending teams.

"It’s good for those guys to get an opportunity to go somewhere where they have a chance to win," Acta said.

ESPN.com's Buster OlneyESPN.com's Jayson Stark and Joel Sherman of the New York Post contributed to the story on Twitter as it broke. MLBTR's Ben Nicholson-Smith contributed the quotes.

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