Joel Sherman from the New York Post is reporting that Brian Bruney is being traded for a player to be named later. Of course, it was reported through his twitter account. Its a smart move in that Brian Bruney was eligible for arbitration, was going to get a raise, and already made $1.25 million this last year. For a releiver, he was going to start getting expensive. Then there's the fact that he didn't pitch great after his injury.
This does make it seem like the Yankees are trying to cut payroll which is their stated goal. Player-to-be-named-later deals tend to be all about getting rid of a guy. That's why they don't bother to actually work out a trade.
Allegedly, Andy Pettitte turned down a deal in the $10 million range. I have a feeling this is going to be another drawn out negotiation. They should just guarantee him $12 million and be done with it. Unless he wants the $16 million he made two seasons ago in which case he's over projecting his value again.