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Yankees trade Ottavino to rival Red Sox

(AP Photo/Kathy Willens)

NEW YORK (AP) Wanting to slash salary to avoid paying luxury tax, the New York Yankees opted to make a rare trade with the Boston Red Sox.

Boston acquired struggling reliever Adam Ottavino along with minor league right-hander Frank German from the Yankees on Monday for a player to be named or cash.

As part of the trade, the Yankees agreed to send Boston $850,000 on July 1 to cover part of the $8 million owed to Ottavino, a 35-year-old right-hander entering the final season of a $27 million, three-year contract. New York remains responsible for Ottavino's $3 million signing bonus, due next Jan. 15.

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