It's hard to think of a high-profile trade that worked out as poorly for both teams as 2012's Jesus Montero for Michael Pineda swap. Montero hasn't hit (89 OPS+) and was suspended 50 games for his ties to Biogenesus last year. Hector Noesi, the other guy who went to Seattle, has a 64 ERA+ since the trade. Single-A righty Jose Campos missed most of last year with an elbow problem. He was the other guy New York received.

Pineda, meanwhile, has not thrown a single big league pitch since the trade due to a shoulder injury. He suffered a torn labrum during spring training 2012 and has been on the mend since, throwing 40 2/3 minor league innings late last summer as he rehabbed. Pineda reported to the Yankees' complex early for camp and says he's finally ready to help the team, two years after the trade.

"I'm feeling 100 percent right now, and my body is in perfect shape," he said to the Associated Press today. "Everything is in the past. I'm ready to go."

CC Sabathia, Hiroki Kuroda, Masahiro Tanaka and Ivan Nova will occupy the first four spots in New York's rotation. Pineda will compete against guys like David Phelps and Adam Warren for the fifth spot, and if he loses the competition, he'll go to Triple-A. Coming back from a major shoulder surgery to win a big league job will be tough, and the Yankees themselves admit they don't know what Pineda is capable of right now.