Yankees acquire Chris Nelson for either cash or PTBNL

Chris Nelson will be yet another retread in the Bronx. (USATSI)

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The New York Yankees have acquired third baseman Chris Nelson, the club announced Wednesday night in a press release.

Nelson was designated for assignment Sunday to make room for Rockies top prospect Nolan Arenado. In return for Nelson, the Rockies will get either cash considerations or a player to be named later. No matter which it is, the return will be relatively small, as it always is in cases like these. The reason is that once a player is designated for assignment, his club has 10 days to either trade him, release him or send him to the minors -- thus, there's very little leverage in trade talks.

Nelson, 27, was the Rockies' first-round pick in 2004 out of Pasadena City College. He's seen time in the majors at second, third and shortstop, but the overwhelming majority of his time has been spent at third base, and that's where the Yankees have a current need with Kevin Youkilis -- who was there to take Alex Rodriguez's spot -- on the mend.

Though off to a rough start in 2013 -- .242/.282/.318 in 71 plate appearances -- Nelson hit .301/.352/.458 with 21 doubles, three triples, nine homers and 53 RBI in 111 games last season for the Rockies.

While Nelson is essentially being picked up by the Yankees off the scrap heap, they've done so with a handful of players currently on the 2013 roster -- and it's working out very well so far, with the Yankees off to a 17-10 start.

CBS Sports Writer

Matt Snyder has been a baseball writer with CBS Sports since 2011. A member of the BBWAA, he's now covered the last six World Series beginning with the epic 2011 Fall Classic. The former Indiana University... Full Bio

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