Volzquez is currently recovering from Tommy John surgery, and according to Ed Price, he can his 50-game suspension while on DL. So it will only cost him 50 games pay.
(original post)Luckily, it will likely not involve any Yankees. Accoring to Will Carroll there is a "Ped suspension incoming."
Craig Calcaterra says that a source has told him it's a "'semi-big' name, though not a "huge" name." And that it's not a player from New York and it's a National League pitcher. More info coming.
While we wait, any guesses?