From the Baltimore Sun’s Jeff Zebric.

The Orioles have agreed to trade reliever Chris Britton (above) to the New York Yankees for starting pitcher Jaret Wright and cash, according to two team sources.

While the specifics of the deal have been worked out, the trade won’t be official until it gets the commissioner’s approval, which is necessary when more than $1 million in cash exchanges hands in a deal. That could happen as early as today.

Along with Wright, a 30-year-old right-hander with a 68-57 record over 10 major league seasons, the Yankees have agreed to send the Orioles $4 million, according to sources. That is the amount it would have cost New York to buy out Wright’s 2007 option.

The trade will not only reunite Wright with Leo Mazzone, his pitching coach in 2004 in Atlanta when the pitcher had his best season (15-8, 3.28 ERA), but it also satisfies the Orioles’ desire to add some depth to their pitching staff.

With Wright joining Rodrigo Lopez , Kris Benson , Erik Bedard , Daniel Cabrera and Adam Loewen and even prospect Hayden Penn , who will get a chance to make the Opening Day roster next spring, the Orioles will have some flexibility to trade a pitcher possibly for a hitter. A team source also said that the move doesn’t mean that the Orioles won’t make a run at another pitcher in free agency.