The Phillies have reportedly traded for the Blue Jays' ace Roy Halladay. He will receive the remaining $15.75 million in his contract for 2010, and the Phillies will sign him to a three-year, $60 million contract extension.
The Phillies are trading away Cliff Lee to Seattle. The Mariners are having a market boom with having signed Figgins and now landing Lee. All other players' names involved in the three-way trade have yet to be revealed.
On a brighter note, the Angels have signed 2009 World Series MVP Hideki Matsui to a one-year, $6.5 million contract, giving them a DH for their lineup. This, however, probably means that the Angels will cease their pursuit of Jason Bay, and they have already openly said that they're not interested in Matt Holliday.