With Mark Teixeira locked up long term as the team's first baseman and Jorge Posada likely to spend a lot of the 2010 season as the designated hitter, the Yankees didn't have much use for Miranda, who was out of options and had played in Triple-A Scranton/Wilkes-Barre each of the last three seasons.
The 27-year-old, who defected from Cuba in 2004, appeared in a career-high 33 games for the Yankees this past season, batting .219 (14-for-64) with three home runs and 10 RBIs. In his 46-game Major League career, which spans three seasons, he holds a .253 batting average with four homers.
Originally signed as a non-drafted free agent in December 2006, the lefty-hitting Miranda sports a .281 batting average, .367 on-base percentage and 62 home runs in his four-year Minor League career. While in Triple-A last year, he hit .285 with 15 homers and 43 RBIs in 80 games.
Allen, 19, went 4-4 with a 4.73 ERA in 16 starts for Class A South Bend this past season, striking out 79 batters and walking 22 in 78 innings. Taken in the 11th round of the 2009 First-Year Player Draft by the D-backs, Allen made 12 relief appearances in low-A ball in his first pro season, giving up one earned run in 17 2/3 innings.
Alden Gonzalez is a reporter for MLB.com and writes an MLBlog, Gonzo and 'The Show'. Follow him on Twitter @Alden_Gonzalez. This story was not subject to the approval of Major League Baseball or its clubs.