The trade deadline has come and gone and left a TON of trades in it's wake. We've compiled a list of all the trades that occurred during the entire month of July in one giant trade recap. One interesting note, unless I've missed something, 27 of the 30 teams completed at least one trade last month. The Astros, Angels, and Rangers were the thre teams to stand pat in July.

• The Cubs traded for Jeff Baker from Colorado for Alberto Alburquerque.
• The Indians traded Joan Meloan from the Rays for Winson Abreu.
• The A's traded Ryan Webb, Greg Italiano, and a PTBNL (Sean Gallagher) for Scott Hairston from the Padres.
• The Orioles traded Ryan Freel to the Royals for a PTBNL.
• The White Sox acquired Tony Pena from Arizona in exchange for Brandon Allen.
• The Royals acquired Yuniesky Betancourt from Seattle for Danny Cortes and Derrick Saito.
• The Mets and Braves made a straight up trade of Ryan Church and Jeff Francoeur.
• Seattle acquired Jack Hannahan from the M's for Justin Souza.
• The Brewers traded for Felipe Lopez from the Diamondbacks for Cole Gillespie and Roque Mercedes.
• The Orioles and Padres made the second straight up trade of Oscar Salazar and Cla Meredith.
• With the third straight up trade, the Cards sent Chris Duncan to Boston for Julio Lugo. Lugo was recently DFA'd by the Red Sox.
• The Red Sox added another left-handed bat when they acquired Adam LaRoche from the Pirates for Hunter Strickland and Argenis Diaz.
• The Cardinals acquired slugger Matt Holliday for Brett Wallace, Shane Peterson, and Clayton Morentsen.
• The Giants trade Scott Barnes to the Indians in exchange for Ryan Garko.
• The Pirates and Mariners made a 7 player deal that sent Jack Wilson and Ian Snell for Jeff Clement, Ronny Cedeno, Nathan Adcock, Brett Lorin, and Aaron Pribanic.
• The Reds acquired Wladimir Balentien from Seattle in exchange for reliever Robert Manuel.
• The Yankees acquired Jason Hirsh from the Rockies for a minor leaguer and released Brett Tomko to make room.
• The Phillies traded for Cliff Lee and Ben Francisco for Carlos Carrasco, Jason Donald, Lou Marson, and Jason Knapp.
• The Giants acquired Freddy Sanchez from the Pirates in exchange for Tim Alderson.
• The Royals acquired Josh Anderson for cash considerations after he was DFA'ed by the Tigers.
• The Dodgers acquired George Sherrill from Baltimors for Josh Bell and Steve Johnson.
• The Cubs acquired both Tom Gorzelanny and John Grabow from the Pirates for Kevin Hart and Jose Ascanio.
• The Tigers acquired Jarrod Washburn for Luke French and Mauricio Robles.
• The Dodgers and Brewers swapped Vinny Rottino and Claudio Vargas.
• The Red Sox made the biggest trade by acquiring Victor Martinez in exchange for Justin Masterson, Nick Hagadone, and Bryan Price.
• The Blue Jays acquired Sean Smith from the Pirates for future considerations.
• The Yankees added Jerry Hairston Jr. from Cincinatti for minor leaguer Chase Weems.
• The Red Sox then went ahead and traded Adam Laroche to the Braves for Casey Kotchman straight up.
• The Marlins traded for Nick Johnson in exchange for Aaron Thompson.
• The Rockies added two pieces to their bullpen, a righty and lefty. Joe Beimel and Rafael Betancourt.
• The White Sox acquired Jake Peavy surprisingly and they traded Aaron Poreda, Clayton Richard, Dexter Carter, and Adam Russell for him.
• The Reds and Blue Jays exchanged third basemen, with Scott Rolen going to Cincinatti in exchange for Edwin Encarnacion, Josh Roenicke, and Zach Stewart.
• The Twins got Orlando Cabrera from the A's for Tyler Ladendorf.

The Chicago Cubs have reportedly traded for two Pittsburgh Pirate pitchers, John Grabow and Tom Gorzelanny, in exchange for "RHP Kevin Hart, RHP Jose Ascanio, 3B Josh Harrison."

The Cubs have been looking for a left-handed reliever and Grabow certainly qualifies with 16 holds and an ERA of 3.42 ERA. They also receive an enigmatic starter, in Gorzelanny, who is just two years removed from a 14 win season.

The Pirates are continuing their massive overhaul/fire-sale having traded away 13 players from their opening day roster.

The Pittsburgh Pirates have reportedly traded shortstop Jack Wilson and pitcher Ian Snellto the Seattle Mariners.

In return Seattle is sending a package of 5 players, headlined by Seattle's top prospect, firstbaseman Jeff Clement who will immediately join the Pirates major league squad. The other players, "shortstop Ronny Cedeno and right-handed pitchers Aaron Pribanic, Brett Lorin and Nathan Adcock" will all be headed to the minor leagues.

The Pirates had been rumored to be shopping Wilson due to financial reasons and Ian Snell has been about as up and down as a pitcher can get.

A fresh start could turn both Wilson and Snell into productive players for the M's and the Pirates certainly got decent value in retun. You could probably make the argument that the Mariners overpaid a bit, but we probably won't have a final verdict on the trade until we see how the prospects sent to Pittsburgh pan out.

Update III:

The Pirates are reportedly receiving "Double-A shortstop Argenis Diaz and Single-A pitcher Hunter Strickland" in exchange for LaRoche. That's about what I expected them to get & makes the deal a good one for both teams involved.

If the Red Sox had agreed to acquire Chris Duncan from the St. Louis Cardinals, LaRoche is certainly the better, if slightly more expensive, option.

Update II:

Dejan Kovacevic has the scoop. LaRoche has been traded to the Boston Red Sox. What the BoSox gave up is still unknown and no official word has been issued by either team.

Update:

The PiratesReport.com's John Perrotto reports that LaRoche has indeed been traded, but does not yet know the location.

My guess would be either the Red Sox or the Giants, but as always, we'll keep you updated as more information becomes available.

The Pittsburgh Post-Gazette's Dejan Kovacevic is reporting that the Pirate's clubhouse is "abuzz with word that a trade involving first baseman Adam LaRoche is imminent."

The Pirates are one of the few teams this year entrenched as sellers andthe 29 year old LaRoche could provide some pop for a contending team's lineup or bench. He's batting .247 this year with 12 HR and 40 RBI.

There's no info available yet on a likely destination for the Pirates' first baseman but several teams are in need of a powerful left handed bat.

The Red Sox had been rumored to be interested in LaRoche, but I don't see the BoSox giving up more than a couple of mid-level prospects to land him.

Fanhouse.com writer Ed Price has the scoop on the Seattle Mariners trading shortstop Yuniesky Betancourt to the Kansas City Royals for two pitching prospects, said to be RHP Danny Cortes & LHP Derrick Saito.

Trade rumors had been swirling around Betancourt recently although the presumed buyer had been the Pittsburgh Pirates rather than the Royals.

The Mariners are also said to be shopping both Erik Bedard and Jarrod Washburn although Roy Halladay's availability may be dapening interest on both.

Betancourt, who is still owed $10 million on his contract, became available after Ronny Cedeno filled in admirably during Betancourt's recent trip to the DL.

There had been speculation that the M's would have to eat some of Betancourt's contract in order to trade the short stop but financial details of the deal are not yet known.

The Atlanta Braves offense got a boost today when the team traded for Pitsburgh Pirates All-Star outfielder, Nate McLouth.

In exchange, the Pirates receive outfield prospect Gorkys Hernandez, who had been ranked towards the top of Atlanta's farm system, as well as pitchers Charlie Morton and Jeff Locke.

McLouth has 9 home runs and 34 RBI so far this year after smacking 26 long balls and driving in 94 runs in his first All Star season last year. The outfielder should provide an instant impact to a power starved outfield that has combined for just one more home run (10) than McLouth has hit on his own.

Here's a quick rundown of some of the free agent signings that you might have missed in the midst of all the Sabathia, Yankees, Mets madness lately.

The Cincinnati Reds signed reliever Arthur Rhodes to a 2 year deal worth $4 million. The veteran lefty put up impressive numbers last year, pitching in 61 games with the Mariners and Marlins and going 4-1 with a 2.06 ERA.

The Minnesota Twins re-signed infielder Nick Punto to a 2 year deal worth $8.5 million. The infielder batted .284 with 2 long balls and 28 RBI in 99 games for the Twins last year and will likely be the team's starting shortstop going forward.

The Toronto Blue Jays gave Matt Clement a minor league deal with an invitation to Spring Training. The pitcher hasn't appeared in a major league game for two years due to injury but if healthy, could be a great cheap option for the Jays rotation.

The White Sox agreed to a 4 year deal worth $10 million with 19 year old infielder Dayan Viciedo. The former Cuban League All-Star, Viciedo, is expected to compete for the starting third base job and the White Sox project him as an impact player for years to come.

The Washington Nationals re-signed journeyman outfielder Willie Harris to a two-year, $3 million deal. Harris had a career year in terms of home runs (13) and runs driven in (43) after getting a chance to be an everyday player in the second half of the season.

The Pitsburgh Pirates inked infielder Ramon Vazquez to a two-year, $4 million deal. Vazquez will likely be a super-sub and could also act as an insurance policy should the Pirates find a taker for shortstop Jack Wilson or 2nd baseman Freddy Sanchez but the market has been pretty weak for Wilson (especially with Lopez and Punto both filling middle infielder needs).

Infielder Felipe Lopez signed on with the Arizona Diamondbacks, agreeing to terms on a one-year, $3.5 million deal. Lopez resurrected his career last year in St. Louis, batting .385 over 156 at bats after being released by the Nationals. He'll likely replace the Orlando Hudson as the D'backs every-day second baseman and could prove to be one of the most under-rated signings of the winter.

The Kansas City Royals signed reliever Kyle Farnsworth to a two year deal, reportedly worth $9.5 million. Farnsworth had a  3.65 ERA in 45 games with the Yankees but struggled after being traded to the Tigers, putting up a 6.75 ERA in 16 games.

Teams have until midnight eastern time tonight to extend offers of arbitration to their free agents and I'll be updating this page as often as news becomes available about teams' arbitration actions.

Update

The offers are all in, and according to the AP only 24 players were offered arbitration. The list is as follows:

American League

• Boston Red Sox - Paul Byrd, rhp; Jason Varitek, c.
• Chicago White Sox - Orlando Cabrera, ss.
• Kansas City Royals - Mark Grudzielanek, 2b.
• Los Angels Angels - Jon Garland, rhp; Darren Oliver, lhp; Francisco Rodriguez, rhp; Mark Teixeira, 1b.
• Minnesota Twins - Dennys Reyes, lhp.
• Seattle Mariners - Raul Ibanez, of.
• Texas Rangers - Milton Bradley, dh.
• Toronto Blue Jays - A.J. Burnett, rhp.

National League

• Arizona Diamondbacks - Juan Cruz, rhp; Orlando Hudson, 2b; Brandon Lyon, rhp.
• Cincinnati Reds - David Weathers, rhp.
• Colorado Rockies - Brian Fuentes, lhp.
• Los Angeles Dodgers - Casey Blake, 3b; Derek Lowe, rhp; Manny Ramirez, of.
• Milwaukee Brewers - CC Sabathia, lhp; Ben Sheets, rhp; Brian Shouse, lhp.
• New York Mets - Oliver Perez, lhp.

Reds

The Cincinnati Reds have reportedly offered arbitration to reliever David Weathers (type B) who pitched in 72 games wracking up an ERA of 3.25 with 19 holds.

White Sox

The White Sox have not offered arbitration to free agents Juan Uribe or Ken Griffey Jr (type B) but have made an offer to Orlando Cabrera (type A).

Astros

The Astros did not extend offers to Doug Brocail (type A) or Randy Wolf and Mark Loretta (type B). The 'Stros had been in negotiations to resign Wolf although negotiations have stalled in recent days.

Phillies

The Philadelphia Phillies have passed on arbitration for Pat Burrell and Jamie Moyer (type A) as well as Rudy Seanez (type B) and Tom Gordon (unranked). Burrell hit 33 homeruns with 86 RBI and a batting average of .250 and would have likely been awarded a raise on the $13.25 million salary he earned last year. One has to wonder if the D'backs lack of an offer to Adam Dunn influenced the Phillies descision as the two players have similar stats at the plate and limitations in the field.

Moyer appears likely to return to the Phils but again, the team opted not to risk having his price set by a 3rd party arbiter.

Marlins

The Florida Marlins have apparently declined to offer arbitration to Arthur Rhodes, Paul Lo Duca, and Luis Gonzalez (all type B free agents). There seems to be a trend emerging of teams being fairly careful with their arbitration offers this year as Rhodes has had more several teams express interest and, in my opinion would have been worth extending an offer to.

I've got to wonder if this is a product of the economy and perhaps an indication that free agent spending will be down this year as well. Obviously the top tier players such as Sabathia, Teixeira, and Manny Ramirez will be offered huge deals (or in Sabathia and Ramirez's case, already have been) however, it looks like the rest of the free agents might encounter a few more money conscious teams this off-season.

(via MLBTradeRumors.com)

Rangers

The Texas Rangers offered arbitration to type B free agent Milton Bradley, but not unranked free agents Jamey Wright, Ramon Vazquez or Jason Jennings. Bradley made the All-Star team and batted .321 with 22 HR and 77 RBI in 126 games. I would be surprised if he didn't receive a 3 year offer after his performance last year, with teams like the Mets, Phillies, Blue Jays, and Cardinals possibly in the mix.

Cubs

The Chicago Cubs did not offer arbitration to free agent relievers Bob Howry or Kerry Wood, both type A free agents. The club had been expected to offer Wood arbitration but apparently did not want to risk the closer accepting the offer. Wood saved 34 games last year with a 3.26 ERA and would likely have been awarded a raise on his $4.2 million salary. Howry had a much less successful year, putting up a 5.35 ERA over 72 appearances and also might have accepted arbitration, possibly resulting in the Cubs paying him $4.5 million for another year.

The lack of offer to Wood makes him even more attractive to teams seeking an elite closer, especially considering that both Fuentes and Francisco Rodriguez were offered arbitration.

Diamondbacks

The Diamondbacks have reportedly offered arbitration to free agent Orlando Hudson, Juan Cruz (type A), and Brandon Lyon but surprisingly not Adam Dunn. The team also did not offer veteran pitcher Randy Johnson (type B), or David Eckstein and Tony Clark (did not qualify) arbitration although none of those moves came as a surprise. The decision on Dunn again, makes absolutely NO sense to me. While he was likely to get a raise from the $13 million he made last year, Dunn smacked 40 long balls last year while driving in 100 runs last season. Even with the D'backs trying to keep costs low, they could turn around and trade the power hitter if he accepted arbitration. If he declined and signed elsewhere, they'd be rewarded with two extra picks. Where's the downside?

As if that weren't enough, they did extend offers to both relievers, Cruz and Lyon. If both players happened to accept the offer, the Dbacks would be stuck with two expensive relievers. As evidenced by the Dunn decision, the Dbacks are quite concerned with their payroll so the team must be fairly confident that the pitchers will decline their offer. We'll find out whether the Dbacks guessed right by Dec. 7th, the deadline for the players to accept or reject their arbitration offers.

A's

The Oakland A's did not offer arbitration to Emil Brown or Frank Thomas (both type B free agents) or to Alan Embree or Keith Foulke who did not qualify. Thomas has expressed interest in returning to the A's, but Oakland would need to drastically reduce his salary ($12.5 million last year) to make that happen after Thomas batted just .240 with only 8 homeruns.

Rays

The Rays did not offer arbitration to free agents Eric Hinske, Rocco Baldelli, Cliff Floyd, and Trever Miller (who still has not signed with the Cardinals despite previous reports). Since none of the players qualified as type A or B, the team would have nothing to gain by extending offers.

Nationals

The Washington Nationals, like the Rays, did not have any type A or B free agents and did not offer arbitration to Aaron Boone or Odalis Perez. The club has expressed interest in bringing both players back, according to MLB.com, but are waiting to see how the market develops before making offers.

Orioles

The Baltimore Orioles declined to offer arbitration to all of their free agents, Kevin Millar, Jay Payton, Juan Castro and Alex Cintron, none of whom qaulified as type A or B players.

Padres

The San Diego Padres have declined to offer arbitration to future Hall of Fame closer Trevor Hoffman, a type A free agent. The move has long been predicted but, I can't figure out why the Padres wouldn't make the offer. Hoffman has said the odds of him returning to the Padres are a longshot at 99-1 after the way the team has treated him. The Padres made Hoffman an offer to return, but later pulled the offer in an effort to cut costs. Even still, with Hoffman unlikely to return, it would make sense for the team to offer the closer arbitration and collect the draft picks when he signs else where.

Royals

The Kansas City Royals have offered arbitration to second basemen Mark Grudzielanek. While the move came as a surprise to most, Grudz will reportedly turn down the Royals' offer in hopes of playing for a contender. While the Royals offer may represent the highest salary Grudzielanek will be offered, Kansas City certainly is not a contender and several more competitive teams including Grudzielanek's former club the St. Louis Cardinals are in need of middle infielders.

Mets

The New York Mets have reportedly passed on offering Moises Alou and Louis Ayala arbitration but did extend an offer to free agent pitcher Oliver Perez. Perez is a type A free agent after going 10-7 with a 4.22 ERA. The 27 year old southpaw is widely expected to decline the offer and sign a multi-year deal with the Washington Nationals reportedly leading the way to land the free agent pitcher.

Braves

The Atlanta Braves did not offer arbitration to veteran pitcher John Smoltz, however the team still expects to resign the long time Brave should he decide not to retire.

Red Sox

The Boston Red Sox have offered arbitration to Jason Varitek (type A) and Paul Byrd (type B). Arbitration was not offered to the Sox other free agents, Curt Schilling, Mike Timlin, Bartolo Colon, Alex Cora, Sean Casey, David Ross and Mark Kotsay.

Predictions about whether the Red Sox would offer their free agent catcher had been mixed, and there are just as many differeing opinions about whether the Red Sox captain will accept the offer. According to Varitek's agent, Scott Boras, the veteran wants to play full time, however former teammate Curt Shilling has said that Veritek wouldn't mind a reduced roll. Players have until Dec. 7th to accept the arbitration offers and it wil be interesting to see what the three-time All-Star decides.

Angels

The Los Angeles Angels have reportedly offered arbitration to Mark Teixeira, Darren Oliver, Francisco Rodriguez (all type A) and Jon Garland (type B). By offering Teixeira arbitration, the Angels make the price of signing him slightly higher for other interested teams, although I still expect the first basement to resign with LA.

The Angels also declined to offer Garrett Anderson arbitration, likely ending his 12 year tenure with LA.

Dodgers

The Los Angeles Dodgers have offered arbitration to Manny Ramirez and Derek Lowe (both type A), as well as Casey Blake (type B) while declining to offer it to type B free agents Greg Maddux, Jeff Kent, Joe Beimel and Brad Penny.

The lack of an offer to Beimel was expected but I still don't agree with the Dodgers' decision. Beimel has reportedly drawn interest from the Mets, Cardinals, Rockies, Reds and Tigers and is seeking a 3 year deal which makes him an unlikely candidate to accept the Dodgers' offer.

Rockies

The Colorado Rockies have offered arbitration to closer Brian Fuentes, their only type A free agent. Fuentes has drawn interest from several teams as the best closer on the market other than Francisco Rodriguez. The Mets, Cardinals, and Indians have all expressed interest in Fuentes who had 30 saves last season.

As with other type A free agents who have been offered arbitration, if the Rockies are unable to resign the reliever they'll receive two draft picks, a 1st or 2nd round pick from the team that signs Fuentes (depending on that team's record the previous season) and a “sandwich” pick after the first round but before the second.

Blue Jays

The Toronto Blue Jays have offered pitcher A.J. Burnett arbitration while declining to extend an offer to catcher Greg Zaun. The offer to Burnett was an obvious move as Burnett has already opted out of his existing deal with the Jays and appears likely to cash in with a huge contract. By offering the pitcher arbitration, the Blue Jays, who still hope to resign the pitcher, will receive two draft picks should Burnett sign with another team.

Cardinals

Matthew Leach of MLB.com is reporting that the St. Louis Cardinals won't offer arbitration to any of their free agents which include Russ Springer (type A), Jason Isringhausen, and Braden Looper (type B). The decision not to offer Looper arbitration has me pretty puzzled as the Cardinals have a hole at the back end of their rotation and Looper has put up two very serviceable years as a starter.

The Cardinals have been very accommodating with Springer who has a special needs child attending a local school. I wouldn't be surprised if they're hoping to resign the 40 year old veteran to a deal worth less than an arbiter would award after his 50 innings, 2.32 ERA performance last year.

Twins

The Minnesota Twins offered arbitration to their only qualifying free agent, reliever Dennys Reyes (type B). Reyes, who made an even $1 million last year had an ERA of 2.33 in 46.1 innings pitched over 75 appearances making the decision to offer arbitration a no-brainer. I'd be quite surprised if the 11 year veteran accepted the offer as he's likely to receiver much higher offers considering his performance last year and the fact that he's a lefty. The Twins declined to extend offers to their free agents that did not qualify, "Everyday" Eddie Guardado, Nick Punto, and Adam Everett.

Tigers

The Detroit Tigers declined to offer arbitration to short stop Edgar Renteria, their only free agent that would have qualified them for compensatory draft picks (they also declined to make offers to Kenny Rogers, Freddie Garcia, and Kyle Farnsworth who didn't qualify). I'm a bit surprised that the Tigers weren't willing to take the risk of making an offer. Renteria appears dead set on leaving Detroit and likely the AL as a whole and I doubt he would have accepted arbitration, even though he likely would have received at least $9 million for the year.

Mariners

The Seattle Mariners have offered arbitration to Raul Ibanez (a type A free agent) while telling Willie Bloomquist and Miguel Cairo thanks but no thanks. Ibanez had a career year last year and has stated that he'd like to win which pretty much rules out returning to the Mariners, losers of 101 games last year.

Brewers

The Brewers have extended arbitration offers to CC Sabathia, Ben Sheets, and Brian Shouse but not Eric Gagne (a type B free agent). Many commentators were watching the Brewers' move with Sheets as an indication of his health, but the Brewers would have been incredibly foolish had they not made the offer. Even if they're not sure Sheets can remain healthy, by making the offer they signal to the rest of the league that they'd like to keep him and as such, increase the likelihood he signs elsewhere giving them two extra draft picks. The offer might also been seen as a good will gesture and help in the Brewers negotiations to resign Sheets if they miss out on Sabathia.

Yankees

The Yankees have reportedly declined to offer arbitration to all 8 of their free agents, including Andy Pettitte and Bobby Abreu as well as Jason Giambi, Mike Mussina (who's retiring), and Ivan "Pudge" Rodriguez. This means the Yankees will not receive any compensatory picks if and when their free agents sign elsewhere.

Pirates, Indians, & Giants

The Pitsburgh Pirates, Cleveland Indians, and San Francisco Giants did not have any free agents that qualified as type A or B and as such, extended no offers of arbitration.

Boston finally had it's fill of Manny Ramirez

Update 5: Well, if Sports Illustrated's Jon Heyman is to be believed, the title of this post may be accurate once again! Apparently the deal has Manny Ramirez (I hold him personally responsible for this whole mess) going to the Dodgers, Jason Bay heading to the Boston Red sox, and the Pirates getting 4 prospects in return.

Fox Sports' Ken Rosenthall reports that this deal is now pending the commissioner's approval and will send Andy LaRoche, right-hander Bryan Morris (from the Dodgers), outfielder Brandon Moss, and releiver Craig Hansen (from the Red Sox) to the Pirates in return for Bay. That's one hell of a haul for a guy that some in Pittsburgh worried was finished after last year's performance.

I'll remind you all that we've been down this road more times than I can count with Manny "trades" but all the reliable sources are reporting this one now.

More as it's available...

Update 4: Rosenthal is now hearing the same things that Buster Olney was hearing... that this trade is essentially dead.

Update 3: Ken Rosenthal of Fox Sports is reporting that the trade talks are "taking off". While we've all been down this road before with Boston and Manny, only the prospects stand in the way of this deal's completion. However, in the trade deadline live chat, ESPN's Jim Callis appears to believe that Will Carroll was overzealous in reporting this trade. While not naming him directly Callis states: " Jim Callis: (1:04 PM ET ) I deleted the writer's name . . . but yes, I agree with the point. There's such a rush to be first that accuracy gets sacrificed last night, and that's not good. I went to bed last night after reading that a Manny Ramirez deal was on Bud Selig's desk for approval, and that obviously wasn't the case." Update 2: The Boston Herald is reporting this morning that no tentative deal has been reached. CBS Sports is saying that they've found out that neither Ryan Tucker nor Mike Stanton would be included in the deal but confirms that the deals structure is essentially the one we've reported. The sticking point is apparently still the prospects that will be changing hands but I don't see any of the teams involved sticking to their guns to the point of collapsing this deal. Update: The Palm Beach Post confirms the structure of the deal and suggest that one of the prospects the Pirates will receive is right handed pitcher Ryan Tucker.

------------------------------

The three team deal involving 6 time All-Star Manny Ramirez has been reported to the commissioners office although names of the specific prospects involved have yet to be determined. Baseball Prospectus' Will Carroll reports the structure of the deal as the following:

Marlins get Manny Ramirez, one prospect (BOS), and cash (likely Ramirez’s remaining salary) Pirates get Jeremy Hermida and three prospects (two FLO, one BOS) Red Sox get Jason Bay and John Grabow

Obviously the deal depends heavily on the prospects involved, but the structure of the deal certainly seems reasonable. The Marlins are essentially giving up Hermida and a prospect for two months of Ramirez (they're actually giving up two prospects but will apparently be getting one back) and his $20 million option which I can't see them exercising. The Pirates look to be parlaying Jason Bay and John Garbow into Hermida (a 24 year old outfielder that hits for power) and three prospects. The Red Sox are doing a bit of addition by subtraction, unloading the distracting Manny, while replacing him with Bay (a much cheaper option in left field who is under contract for 2009 as well) as well as filling a hole in their bullpen.

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Well, if we were to believe all the different sources that have said a trade for Jason Bay is a done deal, he'd have been traded about 23 times by now.

However, this being a rumor site, it would be remiss of us to not tell you that MLB.com is reporting that the Los Angeles Dodgers may have landed the coveted outfielder in a deal just before the deadline.

To quote Jennifer Langosch's post, "One industry source in Pittsburgh believes that a deal between the two clubs has been made."

I'll tell you what, rather than analyzing a Bay deal for the third time today, I'll hold off giving my opinion until we find out for sure that the paperwork has been signed. K? Thanks.