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The New York Yankees announced the completion of the deal just after 1:30 p.m. ET Saturday, 24 hours after Berkman agreed to waive the no-trade clause in his contract, as per Major League Baseball rules.

The Yankees alsoacquired pitcher Kerry Woods from the Cleveland Indians on Saturday, the third deal in less than 24 hours for the World Series champions as they beefed up for the stretch run.

The Yankees got themselves an insurance policy without having to pay a premium, or in fact, anything at all, when they acquired veteran outfielder Austin Kearns from the Cleveland Indians on Friday night for a player to be named later.

The Yankees are definately beefing up for the stretch run.