The Cubs have acquired INF Ronald Torreyes from the New York Yankees for a PTBNL or cash. He had been Designated for Assignment by the Yanks on Monday.
The 5'8 150 Venezuelan was signed by the Cincinnati Reds as a 17-year old J-2 IFA out of Venezuela in 2010, and was an outstanding hitter right from the start (he hit .390 in the VSL in 2010). He was traded to the Cubs in December 2011 in the deal that sent LHP Sean Marshall to the Reds and LHP Travis Wood and OF Dave Sappelt to the Cubs.