The Yankees traded LHP Caleb Smith and infielder Garrett Cooper to the Miami Marlins for RHP Michael King and more international signing bonus pool money, the team announced.
The Yankees, who began the day with approximately $3.25 million in international bonus pool money, the second most among all 30 teams, received $250,000 more, and could use that toward pursuing Japanese two-way star Shohei Otani, who after a new agreement with the MLBPA has until Tuesday at 8 p.m. to reach a deal with an MLB team.
Otani, a 23-year-old outfielder and pitcher, is set to transfer from the Hokkaido Nippon Ham Fighters to the majors in 2018. Each MLB team would need to pay a $20 million posting fee to Hokkaido and then offer Otani a bonus from its international bonus pool. Otani would likely earn the MLB minimum in his first three MLB seasons before he becomes eligible for arbitration.
New York, which could have former Japanese outfielder Hideki Matsui help recruit Otani, increased its allotment by trading Smith, a 26-year-old pitcher who went 0-1 with a 7.71 ERA in nine major-league games (two starts) and 9-1 with a 2.41 ERA in 19 games (17 starts) in the minors last season, and Cooper, a 26-year-old first baseman who hit .326 with no home runs and six RBIs in 13 MLB games and .359 with 18 home runs and 84 RBIs in the minors last year.
The Yankees also acquired King, a 22-year-old pitcher who reached Low-A with the Marlins organization last season. A 12th-round pick in 2016, King is 14-12 with a 3.31 ERA in 41 games (26 starts) over the past two years.