The Yankees acquired Austin Kearns from Cleveland for a player to be named later or cash, the Indians announced. This acquisition won't make the headlines the Yankees' other trade will, but the Yanks like Kearns for his right-handed bat, according to Jon Heyman of SI.com (on Twitter). Kearns, 30, is hitting .268/.351/.413 this season and has a .799 OPS against lefties in his career. He'll earn $270K between now and the end of the season and hit free agency afterwards.
Jon Heyman of SI.com first reported that a deal was close, Joel Sherman of the New York Post noted that the Indians were getting a PTBNL and Ken Rosenthal of FOX Sports reported that the deal was complete (all Twitter links).
Despite their busy day, the Yankees are working on another trade, according to ESPN.com's Buster Olney (via Twitter).