According to SI's Jon Heyman, Nady will in fact not require season-ending surgery, and will instead require a rehabilitation program of "a period of weeks."
It has not yet been released exactly how long this rehab period will last, but Nady should be back in pinstripes in 2009.
This is excellent news for a Yankees team that has struggled offensively to start the season, and has been in desperate need of a right-handed power bat.
The imminent return of Alex Rodriguez will greatly help this issue as well, but Nady will re-energize a suddenly weak bench. Placing Nick Swisher in the starting lineup day after day had left New York with no late-inning weapons as pinch-hitters.
Stay tuned as more information is leaked hour by hour, but there seems to be reason to smile in the Bronx today.
The "X-Man" can dry last week's tears; his season is not yet lost.