12:28pm CDT - John Shea of the San Francisco Chronicle has been saying the same thing I said earlier. If the Giants want to acquire a guy like Jose Bautista from Toronto, or one of their relievers, Jonathan Sanchez is going to have to be the guy in coversation. Otherwise, they won't land what they need.
12:26pm CDT - The White Sox have yet to hear a counter offer from the Dodgers on Manny Ramirez so USA Today's Bob Nightengale says the Sox are moving on.
12:24pm CDT - SI.com's Jon Heyman talked to an executive that is after Adam Dunn and he told Heyman that the Nationals are tough to deal with. Apparently the Nationals brought up Matt Garza's name with the Rays prior to him throwing a no-hitter.
12:23pm CDT - Jon Paul Morosi says the Orioles are not close to dealing infielder Ty Wigginton but "not all doors are closed."
12:22pm CDT - Looks like there's a waiting game in terms of Manny Ramirez. He will likely clear waivers in August and could be had after that.
12:21pm CDT - The Red Sox are dealing with the reality that they will have to overpay to acquire a reliever. Looks like they may not make a move before the deadline.
12:14pm CDT - Ryan Ludwick not expected to join the Padres until tomorrow. The front four of their lineup could look like Jerry Hairston Jr, Ryan Ludwick, Adrian Gonzalez, and Miguel Tejada.
12:08pm CDT - I'm a little surprised the Giants haven't swung a deal with Toronto for Jose Bautista. SI.com's Jon Heyman says the Jays want Jonathan Sanchez in return or there's no deal. If I'm the Giants or Brian Sabean, I think Bautista is worth that.
12:05pm CDT - Nothing on Adam Dunn as of yet. If the White Sox have called the Dodgers about Manny Ramirez, a deal for Dunn might be off.
12:04pm CDT - The Seattle Mariners are still getting hits on a few of their relievers but are not motivated to move them unless they get the right players in return.
11:57am CDT - A five player deal between the Pirates and Arizona has just become official and here's how this shakes out.
To Pittsburgh: Chris Snyder and Pedro Ciriaco plus cash
To Arizona: Ryan Church, Bobby Crosby, and DJ Carrasco
11:54am CDT - The other prospect from the Padres is Nick Greenwood who will go to the Cardinals according to Marty Caswell of XX Sports Radio in San Diego.
11:53am CDT - The Diamondbacks rejected an offer from the Giants that would have sent Kelly Johnson to San Francisco. According to Heyman, the Giants offered Joe Hernandez and one other prospect for Johnson.
11:50am CDT - There are conflicting reports from SI.com's Jon Heyman and Fox Sports' Ken Rosenthal. Heyman tweets that the Giants and Blue Jays are working on a deal for either Jason Frasor or Scott Downs but Rosenthal reports that the Giants have no interest in Frasor and the two sides can't find a middle ground for Downs.
11:48am CDT - There were rumors that the Padres were after Pirates' left-hander Paul Maholm late yesterday but Tom Krasovic of AOL Fanhouse says there's no chance of that happening now.
11:47am CDT - Tom Krasovic of AOL Fanhouse says the Padres will take on all of Ryan Ludwick's $8 million salary next season.
11:46am CDT - One prospect in the deal from the Padres is Triple-A pitcher Corey Kluber who will head to the Cleveland Indians. No word on the other prospect to the Cardinals as of yet.
11:43am CDT - There's a lot going on this morning so we're trying to keep track of everything. Looks like the three-team deal between the Cardinals, Indians, and Padres is complete so outfielder Ryan Ludwick and right-hander Jake Westbrook should be joining their new teams either tonight or tomorrow.
11:41am CDT - The San Francisco Giants and Arizona Diamondbacks are in talks that would send infielder Kelly Johnson to the Bay Area.
11:39am CDT - Baseball's union has agreed to the three-team deal so here's how it shakes out.
Jake Westbrook goes from Cleveland to St. Louis
Ryan Ludwick goes from St. Louis to San Diego
The Padres will send one prospect to each of the two teams.
11:38am CDT - Jayson Stark of ESPN reports that the Cubs are likely to send both Ryan Theriot and Ted Lilly to the Dodgers. Nothing official on that yet.
11:37am CDT - SI.com's Jon Heyman says the deal between the Cardinals and Indians has been agreed to which means the three-team deal is just about complete. Will have the breakdown shortly.
11:35am CDT - Buster Olney wonders why the Dodgers wouldn't want to move Ramirez and shed some of their payroll
11:33am CDT - Tim Brown of Yahoo Sports says that while the Dodgers are not shopping Manny Ramirez, they are taking phone calls on him. Ramirez says he would be open to a trade.
11:32am CDT - Ken Rosenthal reported earlier today that the White Sox will make another run at acquiring Manny Ramirez, though his efforts may be futile at this point.
11:31am CDT - According to multiple sources, the Dodgers and Cubs are still working on a Ryan Theriot and Ted Lilly deal.
11:29am CDT - Even if the Indians deal Westbrook to the Cardinals today, Anthony Castrovince of MLB.com says the Indians will make a serious run at him in free agency after the season.
11:27am CDT - Dan Hayes of the North County Times says a non-Padres source tells him that the deal, while not done, is "real far" and that the Padres will win big.
11:25am CDT - Anthony Castrovince of MLB.com says the Padres will receive outfielder Ryan Ludwick in the three-team deal between them, St. Louis, and Cleveland if the deal is finalized.
11:24am CDT - Joel Sherman of the New York Daily News thinks the Mets should make a run at Houston Astros' right-hander Wandy Rodriguez.
11:19am CDT - Joel Sherman confirms Buster Olney's report. He too says the Padres are still in the deal.
11:18am CDT - Contradictory report from Buster Olney. After Joel Sherman reported that the Padres were out of the three-team deal with the Indians and Cardinals, Buster says the Padres are still in the deal.
11:15am CDT - The Tigers, White Sox, and Rays are still in on Adam Dunn
11:13am CDT - Jake Westbrook has agreed to lower the $2 million part of his bonus to make this trade happen.
11:11am CDT - The Padres have apparently fallen out of the three-way deal with the Cardinals and Indians. No word as to whether that means they are losing out on Ryan Ludwick.
11:05am CDT - The New York Mets proposed a deal to the Cubs last night. The Mets wanted to send Oliver Perez and Luis Castillo to the Cubs in return for Carlos Zambrano. Not surprisingly, though, the Cubs turned them down.
11:03am CDT - Looks like the San Diego Padres will assume all of Ryan Ludwick's $8 million next season according to Tom Krasovic.
11:00am CDT - Update on the three-team deal. The Padres would get outfielder Ryan Ludwick from the Cardinals, Jake Westbrook goes from the Indians to the Cardinals and the Padres would send one prospect each to the Indians and Cardinals.
10:58am CDT - Tom Krasovic reporting that the San Diego Padres are the third team involved in the Jake Westbrook deal with Jake Ludwick going to San Diego and Westbrook going from Cleveland to St. Louis.
10:57am CDT - Another deal I failed to mention from last night was the Yankees acquiring Austin Kearns from the Cleveland Indians.
10:56am CDT - Looks like the Adam Dunn deal to the White Sox is dead according to Joe Cowley.
10:52am CDT - Anthony Castrovince, MLB.com beat writer for the Cleveland Indians, reports that there is now a third team involved in the Jake Westbrook to the Cardinals deal. More details still to come.
10:51am CDT - The White Sox apparently called the Dodgers about acquiring Manny Ramirez. According to Ken Rosenthal of Fox Sports, the White Sox wanted the Dodgers to pay all but $1 million of what was left of Ramirez's contract with no player coming back.
10:49am CDT - The Arizona Diamondbacks still would like to move Kelly Johnson or Adam LaRoche according to Jon Paul Morosi of Fox Sports.
10:46am CDT - The San Diego Padres are apparently deep in talks with the Cardinals about outfielder Ryan Ludwick. The Padres have been in need of an outfield bat and his .281 batting average to go along with 11 home runs would fit the bill.
10:39am CDT - Let's get to the news of the morning so far.
Adam Dunn is still a member of the Washington Nationals and apparently the White Sox are none too happy with how things have transpired thus far.
The Arizona Diamondbacks traded catcher Chris Snyder last night for cash and a player to be named later to the Pittsburgh Pirates. The Pirates say they have no interest in flipping Snyder to another team.
One deal this morning is close and it's the St. Louis Cardinals who are very close to landing Cleveland Indians' right-hander Jake Westbrook. Several sources are reporting it but the deal is not complete. Westbrook is scheduled to pitch for the Indians in a few hours from now so we'll see what happens.
10:37am CDT - Good afternoon baseball fans and welcome to one of the most exciting days of the baseball season, maybe even more so than the All-Star festivities. It's the trade deadline.
This is the day where all of us fans sit on the edge of our seats waiting to see what kind of deals our teams are going to make. We want certain players, we hear certain rumors, we get our hopes up, and we wait.
We'll have all of the breaking news of the day and all of the rumors from now until the end of the deadline later this afternoon. So hang with us all day, join in on the conversation, and we'll keep you up to date all day long.