To Yankees: 1B/OF Nick Swisher, minor league P Kanekoa Texeira (yes, Texeira--talk about irony. That's right up there with them trading Alberto Gonzalez to the Nats last year for that minor league pitcher named Santana. Is this for real?)
To White Sox: INF Wilson Betemit (buh-bye, won't miss ya!), Minor league P Jeff Marquez and Jhonny Nunez
Selected by the Yankees in the first supplemental round (41st overall) of the 2004 First-Year Player Draft...was named by Baseball America as the Yankees ninth-best prospect on 1/16/06...attended Sacramento City College before being drafted by the Yankees in 2004 in the first supplemental round as a compensation pick from San Diego for David Wells.
Another one of those good arms the Yankees have been drafting lately. I'm a little sorry to see him go but if Swisher can recover back to the player he was with Oakland (35 homers one season), it could work out.
And a little bit about the minor league pitcher, the Yankees picked up--he had a nice season at AA:
Swisher is coming off of a horrific year, looking slow and even apathetic, almost as if his patience at the plate was the result of indifference rather than a desire to work the count. He can still run into a ball if a pitcher makes a mistake, but his bat was slow and he would foul off average fastballs and miss plus heat entirely. Mike Lowell had a year like that (without the apathy) before coming to the Red Sox and rebounded completely; Andruw Jones had a year like that (with the apathy and some extra pounds) and slid further into the abyss. It's a gamble for the Yankees, but with the upside that they get an average to above-average bat at first base or in left field if it works out, and the cost in players and money (Swisher is owed $26 million through 2011) is not that great to them.
The throw-in coming to the Yanks, Kanekoa Texeira, is a classic sinker/slider reliever, with his slider being a potential out pitch, but with below-average command. Even if the command doesn't improve, he'll pitch in the big leagues, and has a chance to be a late-innings guy if it does improve because he already misses bats and keeps the ball in the park.
I don't believe the speculation that the Swisher move makes it any less likely that the Yankees will bid or bid just as high on Teixeira as they would have otherwise. Swisher is lined up for a bench/utility/reserve role. The Yankees still need a consistent, reliable bat behind A-Rod in the line-up, especially with the injuries that Matsui and Posada have suffered lately.