Nothing official yet. Won't be until later today. But all signs point towards Francisco Cervelli being activated off the DL today to rejoin the team at home for the series opener against Toronto. When that happens, the most likely candidate to give up his roster spot for Cervelli is the current backup catcher John Ryan Murphy.
Murphy has performed admirably in his role as backup to the backup. He hit .286/.308/.365 in 65 plate appearances, handled his defensive duties well, meshed with his pitchers, and generally seemed to take positively to his second stint in the Majors. In my eyes, and in the eyes of many others, he did enough to warrant keeping that job for the present and the future. That said, it couldn't hurt to get him back down to Triple-A for some regular ABs. If the team does fancy him a bigger part of their future than Cervelli, they need to get Cervelli back into games to build up some trade value for him. In that sense, this move works for all parties involved and is a positive side effect of having the kind of catching depth the Yanks do.
So welcome back, Frankie. Try not to sprain, strain, tear, or break anything on your way around the clubhouse today.
** UPDATE 3:19 PM- It's official, according to Mark Feinsand. Frankie up, John Ryan down. **