PHI -- CHC

[CJCope]

 
Philadelphia sends
SP Marcellus Colon, 34 y/o, 79, $25.5M through 2154 
AND
NYY Second Round Draft Pick (approx. #56 overall, notwithstanding comp picks)

to 

 
the Chicago Cubs for salary relief.

Thanks, PR!

['PR']

Deal. Pick isn't as high as I'd like for what Colon costs but there aren't many 2nd rounders on the market.