The deal gets the Yankees off the hook on $13 million of the $33 million he is owed over the next two seasons. In total the Yankees will have paid him $69.5 million for three seasons where he put up a 4.79 ERA, a 7.9 K/9 and a 4.0 BB/9. The Yankees are also getting prospects, RHP Diego Moreno and OF Exicardo Cayones as part of the deal.
The Yankees wanted to deal Burnett at the beginning of this offseason, but they increased their efforts after they traded for Michael Pineda and signed Hiroki Kuroda. That left would have left Burnett to fight with Phil Hughes and Freddy Garcia for the final spot in the rotation.
Not that he would have been a terrible No. 5 starter, but he was the odd man out because Hughes still has some potential left and Garcia has just flat out outperformed him last season. Those reasons and because Burnett makes the most money of the three made it a good idea for the Yankees to deal him if they could get out from underneath the $33 million they owed him. They only got the Pirates to eat $13 million, but that’s not bad considering he could probably land a two-year $13 million deal on the open market.