According to reports, the Yankees are sending $6 million ($3 million in 2015 and '16) to the Marlins to help offset the remaining $22 million on Prado's contract.
The announcement came shortly after the Marlins introduced three of their prominent offseason acquisitions at a noon news conference at Marlins Park. After first baseman Michael Morse, right-hander Mat Latos and second baseman Dee Gordon met with the local media news started to break regarding the deal with the Yankees.
The trade also raises some additional questions for Miami, like what is happening at third base? Casey McGehee, who batted cleanup and was named the National League Comeback Player, may now be a trade piece, unless the club plans on dealing Prado, or keeping them both.
McGehee, entering his final year of arbitration, batted .287 with four homers and 76 RBIs. He made $1.1 million this season, and is projected to earn about $4 million next year.
Prado, 31, combined to bat .282 with 12 homers and 58 RBIs with the D-backs and Yankees. The veteran, who can also play left field and second base, broke in with the Braves in 2006. He's been a steady performer throughout his career, posting a slash line of .291/.340/.429.
A Venezuelan native, Prado missed the final three weeks of the season after undergoing an emergency appendectomy on Sept. 16.
Phelps, 28, was 5-5 with a 4.38 ERA in 32 appearances with New York. The right-hander also threw a complete game.
A 14th-round pick of the Yankees in 2008, Phelps has gone 15-14 with a 4.21 career ERA.
Phelps will factor into the rotation mix along with Latos, Henderson Alvarez, Jarred Cosart, Tom Koehler and Brad Hand. The team also may have Dan Haren, who is weighing whether to retire or join Miami.
Eovaldi, acquired in July 2012 from the Dodgers as part of the Hanley Ramirez trade, is arbitration-eligible for the first time. The hard-throwing right-hander is projected to make around $3 million.
So moving Eovaldi and Jones ($5 million in 2015) takes about $8 million off Miami's books.
Eovaldi paced the Marlins in innings with 199 2/3 this year, but he struggled with a 6-14 record and 4.37 ERA. In his career, he is 15-35 with a 4.07 ERA. But he is a legitimate power arm, and at age 24, has upside.
Jones, Miami's regular first baseman, became expendable when Morse signed on Wednesday. In his lone season with the Marlins, the left-handed-hitting Jones batted .246 with 15 homers and 53 RBIs.
German is a promising right-hander who pitched in the Futures Game. At low Class A Greensboro, he was 9-3 with a 2.48 ERA.