Via IBN, the Yankees and Twins were discussing a deal for lefty starter, Francisco Liriano. The Twins were asking the Yankees for Joba Chamberlain, Ivan Nova, and Andrew Brackman OR Manny Banuelos. IBN reports that the two sides will not make a deal during Spring Training.

The 27-year-old Liriano went 14-10 with a 3.52 ERA for the Twins last season. He struck out 201 hitters in 191 innings. Liriano had Tommy John surgery in 2007 and dealt with elbow/forearm swelling during 2009. Liriano missed seven games last season with arm fatigue. Liriano and the Twins avoided arbitration earlier this season, agreeing in principle to a one-year, $4.3 million deal. Liriano is arbitration eligible for one more year in 2012 before hitting free agency.

Personally, I’d have to think long and hard about trading away Banuelos and I wouldn’t trade Jesus Montero straight up for Liriano. Banuelos’ upside is the highest among the group of pitchers and he’s the #12 prospect in the minors. If the Twins asked for Joba, Nova, and Brackman, I’d do this deal. It’s so hard to find cheap, left-handed high-strikeout arms. The arm issues worry me a little about Liriano (he has never had back-to-back 25 start seasons), but the upside and price is way too good to pass up. Any package headlined by Joba or Nova is a must-trade in my opinion.

Alike any Yankee trade rumor, stay tuned because anything could happen at any time.

Do you want Liriano? What young prospects would you be willing to part with? Give up on Joba now or wait?