The Yankees and Mariners are pulling off a blockbuster trade:

The Seattle Mariners agreed to trade right-hander Michael Pineda to the New York Yankees for catcher Jesus Montero on Friday, a swap involving two of baseball’s top young talents.

A person familiar with the deal confirmed the trade to The Associated Press. The person spoke on condition of anonymity because no one was authorized to discuss the trade that will be completed pending physicals.

As part of the trade, the Yankees also sent 24-year-old pitcher Hector Noesi to Seattle for 19-year-old righty Jose Campos.

Wow. Pineda was nearly unhittable in his rookie season, while Montero provides Seattle with the big bat they need. He hit for average, power and got on base at a great clip in his short stay with New York.

Since Montero comes cheap, the Mariners could even sign Prince Fielder and suddenly transform their offense.

Pineda solves the Yankees number two starter problem, and he and Sabathia could be a great 1-2 punch for half a decade.

Update: Here’s the U.S.S. Mariner take on the deal.