Pitching prospect Juan Then and cash considerations are heading to Seattle in return for the three-time All-Star. The 19-year-old right-hander, whom the Yankees originally acquired from the Mariners, put up a 2.70 ERA in the Gulf Coast League last year.
Seattle is reportedly sending $8.4 million to New York as part of the trade, according to Joel Sherman of the New York Post, who notes the Yankees' luxury-tax hit this season will be roughly $3.4 million.
The Tampa Bay Rays are eating $5 million of Encarnacion's $20-million salary in 2019, Sherman adds, a condition of the three-team trade that saw the slugger land with the Mariners in December. There is also a $5-million buyout on a $20-million option for 2020.
Encarnacion entered Saturday's action leading the American League with 21 home runs. The 36-year-old has 401 round-trippers over a career split between the Mariners, Cleveland Indians, Toronto Blue Jays, and Cincinnati Reds.
With the Mariners reportedly in sell mode, Encarnacion joins Jay Bruce as the second big-name veteran traded out of Seattle this month. Established MLB players such as Ryon Healy, Dee Gordon, Tim Beckham, and Mike Leake have all been discussed in trade talks.