The Atlanta Braves have traded right-handed relief pitcher David Carpenter and left-handed relief pitcher Chasen Shreve to the New York Yankees for left-handed, once-heralded pitching prospect Manny Banuelos, per Jack Curry of YES. The Braves have, of course, made a bunch of moves this winter, the most notable of which have been the dealings of outfielders Jason Heyward and Justin Upton to the Cardinals and Padres, respectively.
Banuelos will soon turn 24 years old and had a 4.11 ERA in 76.2 innings spanning 25 starts and one relief appearance in 2014. He missed the entire 2013 season after undergoing Tommy John surgery.
As for the Yankees' new additions, Carpenter spent the past two seasons with the Braves and posted excellent strikeout and walk rates. He had a 1.78 ERA in 2013 and a 3.54 ERA in 2014 and is now 29 years old. Shreve is 24 years old and was very good in his time in the minors last year. He also made 15 appearances for the Braves and had a 0.73 ERA and 1.43 FIP in that very limited time.
Clearly Atlanta believes Banuelos can still turn into an effective major league pitcher at some point. But at the moment, it looks like the Yankees got a good major league relief pitcher and a young pitcher who might turn into one for a starting pitcher whose prospect status has fallen considerably and might not turn into a major league pitcher.