The Yankees have dealt for righty Chris Martin of the Rockies in exchange for cash considerations, Jack Curry of the YES Network reports on Twitter. Martin had been designated for assignment on the fifth of this month.

Late to join the professional ranks at all, the 28-year-old Martin rose quickly and debuted with the Rockies last year. His results were unimpressive in a short sample, but he registered an outstanding 60.8% groundball rate and struck out eight batters per nine over 15 2/3 innings. Martin posted similarly encouraging peripherals at Triple-A, with 12.2 K/9 against 3.9 BB/9 in 26 2/3 frames.

As Curry notes, Martin has options remaining. Presumably, he will battle for a job this spring with the expectation that he will serve as depth in the upper minors.