Agreed to terms with RHP Jonathan Loaisiga on a one-year contract. Acquired RHP Fernando Cruz and C Alex Jackson from the Cincinnati Reds in exchange for C Jose Trevino.

Contract Value Index (CVI)

Fernando Cruz's trade to the Yankees earns a B Contract Value Index (CVI), reflecting a measured acquisition of pitching depth at moderate risk during the stretch run. Without publicly disclosed contract values attached to Cruz in this deal—the headline focuses on the one-year Loaisiga signing and the net loss of starting catcher Jose Trevino—the CVI evaluation hinges on his role as a right-handed arm plugging into a bullpen rotation rather than a star talent acquisition. The Yankees sit at 41-26 with 108 days remaining in the regular season and hold the #4 seed, meaning this trade is a mid-stretch playoff-positioning move, not a long-term investment; Cruz represents available innings and depth insurance for a contending roster, which justifies the B grade rather than a top-tier mark. The key risk here is that losing Trevino—a legitimate starter—for what amounts to a bullpen swap assumes the incoming catcher (Alex Jackson) can handle the workload without a sharp offensive cliff, and that's a calculation the front office will live with through October. Without salary details to evaluate, the CVI reflects that the organizational trade is defensible as a pitching consolidation play, though the value proposition tilts toward short-term playoff utility over long-term asset accumulation.