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July 30, 2008, 09:03 PM ET
We Have A Deal But …

by Will Carroll

The Commissioner’s Office has been informed of a deal involving the Pirates, Red Sox, and Marlins. The Commissioner has to sign off on any deal involving cash considerations of more than a million dollars, and there was clearly going to be cash involved in any deal involving these teams. There’s also some formality about Manny Ramirez waiving his 10-and-5 rights, and no-trade clause, and I’ll admit not understanding the technicalities.

So here’s what Pee Wee Herman would call the “big but”: the teams, I am told, have not agreed on the specific prospects to be included in the deal. It’s expected that in addition to the principals, the Red Sox would get John Grabow and give up two prospects, while the Marlins would get one prospect and give up two. There’s still a lot of haggling but my scribbling notes make it look like the structure of the deal is:

    Marlins get Manny Ramirez, one prospect (Red Sox), and cash (likely covering Ramirez’s remaining salary)

    Pirates get Jeremy Hermida and three prospects (two Marlins, one Red Sox)

    Red Sox get Jason Bay and John Grabow

There is still potential for this to fall apart over the prospects, but things appear closer now than ever before.

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