Via the AP -

The New York Yankees acquired pitcher Kerry Wood 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.

Wood, a hard-throwing, 33-year-old righty, gives the Yankees another setup option alongside Joba Chamberlain for closer Mariano Rivera.

The Yankees sent Cleveland a player to be named or $500,000, and the Indians gave New York $2,172,131. New York will pay $1.5 million of the $3,672,131 remaining on Wood’s $10.5 million salary this year. His contract includes an $11 million team option for 2011.

Oh, this has got Jay Witasick, Gabe White, Felix Heredia and Mark Wohlers written all over it…

On the bright side, as a result of this pick-up, the Yankees have designated Chan Ho Park for assignment.