The two teams still await MLB approval on the trade, which is required because of the money being exchanged in the deal. The Yankees have reportedly agreed to send Burnett to Pittsburgh in exchange for the two prospects, with the Pirates assuming $13 million of the $33 million left on the two years of Burnett's contract.
Neither of the prospects is considered a great fetch. Moreno is a 25-year old reliever who was 2-4 with a 3.63 ERA last season in Single-A and Double-A. Cayones is a 20-year old outfielder who batted .228 with zero home runs and 12 RBI during 2011 in 114 at-bats split between rookie ball and Single-A.