Well, this is a big deal for Hughes and the Yankees. The Yankees need Hughes to be at least serviceable this year in order to slot him in next year's rotation, and Hughes needs to be at least serviceable in order to give the Yankees reason to trust him with a rotation spot.
So far, so good. Hughes' fastball is sitting 92-94, and he's spotting it well. His curveball has bite, and he's sprinkling in his cutter. We have yet to see his much-talked-about changeup, but with the stuff he's showing so far, he won't need it.