According to Jon Heyman and later confirmed by Jayson Stark, the trade is complete. There are still some details to be worked out (identity of 4th player, extension?), but it looks like it’s set. More breakdown of the deal to follow.
Yanks and Cubs have a deal. Torres, mckinney, Warren and likely 1 more to NYY.
— Jon Heyman (@JonHeyman) July 25, 2016
Source says the Cubs have been told that Hal Steinbrenner has signed off on trading Chapman so no obstacles left to block 4-for-1 deal
— Jayson Stark (@jaysonst) July 25, 2016
And the final piece of the puzzle appears to be Rashad Crawford.
— Patrick Mooney (@CSNMooney) July 25, 2016