The Yankees transferred Schmidt (lat) from the 15-day injured list to the 60-day IL on Tuesday.
The Yankees announced Schmidt would be shut down from throwing for 4-to-6 weeks once they placed him on the IL on May 30, so his move to the 60-day IL hardly comes as a surprise. He'll be eligible for activation July 26, but a better idea of his return timeline will have to wait until he's been cleared to throw again.