via RAB

If you were holding out hope the Yankees would swoop in and unexpectedly re-sign Nick Swisher, you can forget about it now. Mark Feinsand reports the switch-hitter has agreed to a four-year, $56M deal with the Indians that includes a $14M vesting option for a fifth year.

Cleveland has a protected first round pick (#5 overall), but that doesn’t matter as far as the Yankees are concerned. They were going to receive the same supplemental first round pick no matter where he signed. The Tribe forfeits their second rounder instead. Swisher was easily one of Brian Cashman’s best pickups, a tremendously durable and productive outfielder who cost Wilson Betemit and two prospects whose names you don’t remember.
I wish him all the best.