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5:09pm: The deal is done and Berkman has approved it, according to Joel Sherman of the New York Post. The Yankees have to wait 24 hours before the deal is officially complete because of Berkman's ten and five rights.
4:32pm: Berkman approved a possible deal to the Yanks earlier today, according to Rosenthal (on Twitter links). Rosenthal points out that Berkman has 24 hours to approve a deal, thanks to his ten and five rights. That means we won't likely hear an official announcement today.
4:20pm: The deal is "imminent," according to Mark Feinsand of the New York Daily News (on Twitter).
4:19pm: Berkman is considering four possible destinations, according to Bernardo Fallas of the Houston Chronicle (Twitter link).
4:16pm: The Yankees are "likely" to get Berkman, a source tells Newsday's Ken Davidoff. The teams are in serious talks, according to Jon Heyman of SI.com (Twitter links).
4:00pm: The Yankees are on the verge of acquiring Lance Berkman, according to Joel Sherman of the New York Post (on Twitter). ESPN.com's Buster Olney hears that the Steinbrenners have given pre-approval for the Yankees to take on a major salary such as Berkman's. The Yankees appear to be progressing quickly toward a Berkman deal, according to Olney (Twitter links). Though there's increased chatter on Berkman, nothing is done, according to Ken Rosenthal of FOX Sports (via Twitter).
Berkman would require that any team that trades for him not to pick up his 2011 option, according to Alyson Footer of the Astros (Twitter links). Sherman says the option is now mutual.
MLBTR
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I like this move a lot. No idea how Girardi is going to form the lineup, Swisher is having a great year and is too valuable to move down in the lineup. I could see him hitting behind Cano but I think he's really benefitted from the protection of Tex and A-Rod behind him.


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