The Yankees are finalizing a trade to acquire closer David Bednar from the Pirates, reports ESPN’s Jeff Passan. Ken Rosenthal of The Athletic reported earlier that the two sides were discussing a swap.
Bednar, 30, is one of the top controllable relievers on the market. The hard-throwing 6’1″ righty is making $5.9MM this season and is under club control for one more year. He’s owed about $1.87MM of that sum for the balance of the season, though the Yankees would pay a 110% luxury tax on him, making the total financial outlay closer to $3.9MM.
A two-time All-Star, Bednar struggled through a brutal 2024 season and had a rough start to his 2025 campaign. The Bucs optioned him to Triple-A in late March, and Bednar has been an absolute behemoth since returning. In 37 frames, he’s posted a dazzling 1.70 ERA with a 34.5% strikeout rate and 5.5% walk rate. It’s some of the best work of Bednar’s career — even better than what had been a 2021-23 peak that saw him post a combined 2.25 ERA, 31.2% strikeout rate and 7.7% walk rate.
Bednar surely holds extra appeal for the Yankees, given that additional season of club control. Top relievers like Devin Williams and Luke Weaver are both set to reach free agency at season’s end. Bednar would be able to pitch in any high-leverage role necessary in 2025 and could step into the ninth inning for the 2026 season, depending on whether Williams and/or Weaver are retained.
More to come.
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