Banuelos, 20, had a 3.59 ERA in 95.1 innings in Double-A so far this season. His K/9 is 8.9 and his BB/9 is 4.9. He is closing in on his career high innings pitched of 109 back in 2009.
This seems like a move that is setting the Yankees up for life after the trade deadline if they don’t make a deal. Promote Banuelos to Triple-A, see if he can make it there, then promote him to the majors in September. There he can fill a rotation spot if needed or maybe could end up being a lefty reliever down the stretch.
If they don’t land a bat they could also promote Jesus Montero to the majors, finally. But no such move has been announced yet.