Well there's that next move in the new plan Cash said he had. This might be the most surprising trade of the offseason and it's another one that looks good for the Yankees. Carpenter is a 29-year-old right-handed reliever with a 3.62/3.42/3.54 tripleslash and 201 K in 186.2 career innings. He throws hard, he gets a lot of swings and misses, and he is under team control for 3 more years. Shreve is an interesting prospect as a 24-year-old lefty who made his MLB debut in 2014, pitching to a 0.73 ERA and striking out 15 in 12.1 IP. He can fill up the strike zone, get swings and misses when he needs them, and could have more upside than just a LOOGY.
Once the crown jewel of the Yankee farm system, Banuelos had fallen on hard times over the past few seasons thanks to injuries, most notably an elbow injury that required TJS. He spent the 2014 season pitching limited innings working his way back from the surgery and to be dealt now for 2 relievers may say something about how far his stock had fallen in the organization. He's on limited MiL time because of remaining options, so the team may not have been confident he could become a viable starting option in that time.
Hat tip to EJ for pointing this out, but it's worth nothing that ManBan's long-term projection was starting to shift towards relief work. With the Yankees adding a lot of strong lefty relief arms, he was becoming a bit of a redundant piece to have around. Dealing from that Minor League surplus to upgrade the Major League bullpen is a smart move and one that nets the Yankees another interesting lefty lottery ticket in return in Shreve. He sounds like the real deal and could be more helpful to the big league club in 2015 than ManBan would have been.
Let this be the latest reminder of how unpredictable and fickle the prospect game can be. It doesn't take long for the next big thing to become just another dude. It's a shame to see ManBan go because it doesn't seem that long ago that we were all drooling over him. But the return for him is a pretty good one for the Yanks, maybe better than what he ultimately could and would have provided had he gotten a chance to pitch next season. A few more bullpen pieces are put into place, and the spring competition for the last spot is going to be packed to the gills.