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Sources: Berkman deal in place

Updated: July 31, 2010, 10:32 AM ET
ESPN.com news services

Houston Astros first baseman Lance Berkman has waived his no-trade clause and a deal is in place to move him to the New York Yankees, sources told ESPN The Magazine's Buster Olney on Friday.

The Berkman deal likely will be completed before Saturday's trade deadline. The Astros will pick up $4 million of the $7 million owed to Berkman this year and in his 2011 option, sources said.

The Yankees will send two prospects to the Astros: reliever Mark Melancon and infielder Jimmy ...

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