The New York Yankees' two-year nightmare at the hot corner is finally over. And that comes at the expense of the Colorado Rockies.

The New York Yankees addressed a major trade deadline need by acquiring power-hitting third baseman Ryan McMahon from the Rockies.

The Yankees are acquiring third baseman Ryan McMahon from the Colorado Rockies in exchange for two minor-league pitchers Griffin Herring and Josh Grosz, MLB.com's Mark Feinsand reported Friday.

NEW YORK − Nearly a week ahead of MLB's July 31 trade deadline, the Yankees addressed one glaring need, at third base. On Friday afternoon, lefty-hitting Ryan McMahon was acquired from the Colorado Rockies in exchange for two Yankees minor league pitching prospects.

The Royals reached a two-year, $46 million guaranteed contract extension with Lugo on Sunday, according to multiple reports. While Lugo was widely considered one of the top trade candidates ahead of Thursday's trade deadline, he'll instead be in Kansas City for years to come.

The Rockies reacted with emotion to the news that third baseman Ryan McMahon was traded to the New York Yankees prior to their 6-5 win in the series opener against the Orioles on Friday. The nine-year veteran was dealt for pitching prospects Griffin Herring and Josh Grosz.