Rosenthal:

The Cubs, trying to cover every angle in their quest to win their first World Series in 100 years, are discussing trades for a left-handed hitter, including Mariners outfielder Raul Ibanez.
The team is not close to a deal, major-league sources say, and ultimately might settle for a bench player who would be an upgrade over Daryle Ward, or make no trade at all.

Olney:

Washburn a fit for Mets?

"It's a natural fit for those two teams," the executive mused.

Yes, it's barely anything, I know.

The Pittsburgh Post-Gazette reported Wednesday that the Pirates are deep into talks with the Rays about Jason Bay. Separately, with about 29 hours to go before the trade deadline, sources indicate to ESPN that while nothing is imminent, the two sides are talking constructively and trying to bridge the gap.

Yes yes yes, go Rays.

Per Rotoworld, (via Goose)

The Miami Herald reports that the Marlins are close to acquiring Arthur Rhodes from the Mariners.
The 37-year-old southpaw has a 3.83 ERA and 26/10 K/BB ratio in 21 1/3 innings for the Mariners, pitching to a total of 83 batters in his 35 appearances.

Update: Pudge to to the Bronx:

Rosenthal:

"You have to give up to get," Yankees general manager Brian Cashman said. "You have to do the balancing act."

Tigers president Dave Dombrowski said the team didn't want to trade Rodriguez, but had bigger needs in the bullpen. The two teams began discussing the deal early Wednesday and had it wrapped up about six hours later, just as the Yankees were finishing off a 13-3 win over the Orioles.

"It's going to be very exciting. They are in the race and I'm ready to do my job," Rodriguez said.

I don't get this at all. It's a complete steal for the Yankees.