The New York Yankees have completed their trade to acquire Lance Berkman from the Houston Astros.

Bet 2010 World Series Odds
The World Series champions sent reliever Mark Melancon and minor league infielder Jimmy Paredes to Houston for the former All-Star first baseman, who will become the Yankees' designated hitter. Houston will pay part of what Berkman is owed.
On Friday, New York obtained outfielder Austin Kearns from Cleveland for a player to be named or cash.

The Yankees also acquired relief pitcher Kerry Wood and cash from the Indians for a player to be named later. The Yankees will be paying roughly $1.5 million of the $3.6 million that is still owed to Wood, who was activated from the disabled list on Saturday.

Oddsmakers from online sports book SPORTSBETTING.com currently list the Yankees at 5/2 to win the 2010 World Series and 2/3 to win the American League Pennant.

Bet 2010 World Series Odds

Posted: 8/1/10 9:30AM ET

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