No, he's actually coming a long very well. When the Yankees traded for Pineda, they discovered that he had a Labrum injury, which required surgery. He had surgery in May of 2012, that surgery is usually a 12 month rehab, at least. Pineda started rehab shortly after that, threw last year in the Yankees Minor Leagues as part of his rehab. He started 10 games, had a 3.32 ERA, 1.11 WHIP and 41:14 K:BB ratio in 40 2/3 innings. After experiencing some slight stiffness in his shoulder last year, the Yankees sat him down so as to insure no further setbacks in his rehab. This year, it is reported that he is back to a 95-98 mph Fast Ball and has throwing breaking stuff with good bite, according to reports. He seems to have control back. Sounds as if all that needs to happen is to continue to gain more endurance. He will compete for a spot in the starting rotation this year. I mean, the guy is still only 25 years old. If he gets the spot, it is likely that he and Nova will be the 4/5 starters in the rotation.
As for Montero, he had a great 2012 season but he really fell off in 2013 and is now in Triple A ball for the Mariners. Montero could always hit but he really didn't have a spot in the field. He was only an OK catcher. The Yankees traded him because they have 3 excellent prospects at Catcher, right now, in their farm system. They have Austin Romain who is competing for a spot in the Big Leagues, they have Gary Carter who is the #1 prospect in their Minor League Farm System and they have JR Murphy who is only 22 and has already been called up to see time with the Yankees. Yankees are pretty much loaded at Catcher so Montero, while and excellent young hitter, was really not going anywhere with the Yankees as a Catcher. To Catch for the Yankees, you really need to be an excellent defensive player and you need to be able to call a very strong game behind the plate because the right porch in Yankee Stadium is so short, it's more important to be able to limit rather then hit if you are a Catcher for the Yankees. That was just the opposite of what Montero was unfortunately.