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Yankees Acquire Lance Berkman, Austin Kearns

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The Yankees have acquired Lance Berkman from the Astros in return for Mark Melancon and Jimmy Paredes. Berkman has approved the deal and will become a Yankee at 1:30 PM tomorrow. The switch-hitter earlier vetoed a deal that would have sent him to the White Sox.

Berkman will not have his 2011 option picked up and will likely DH for the Yankees. Berkman is hitting .245/.372/.436 on the season with 13 home runs and 49 RBI's. The Astros will pay about $4 million of the $7.1 million in his contract.

Melancon, who was once dubbed the successor to Mariano Rivera by Yankees fans, has become a call up send down every month or so kind of player with the Yankees. The team had given up on his potential and shipped him away.

Paredas is a utility infield playing for Charleston. Paredas does not get on base often, but is a switch hitter that can play most infield positions.

The Yankees also acquired Austin Kearns from the Indians for a player to be named later or cash. Kearns is hitting .268/.351/.413 on the season, with 8 home runs and 42 RBI's.