MLB Winter Meetings 2014 Day 3: Live Coverage of All the Latest Deals, Rumors

It took longer than many people hoped it would, but Jon Lester finally picked a new team, agreeing to a six-year deal with the Chicago Cubs late Tuesday night.

Now that the market's top pitcher has chosen a new home, the starting pitching market is set to explode over the final two days of the annual winter meetings in San Diego.

Keeping track of the latest news and rumors can get a bit overwhelming, but we've got you covered with the live blog that follows.

As the day progresses, check back here often for all the latest from Day 3 of the 2014 MLB winter meetings.

Day 3 Done Deals

Wednesday: Miami Marlins acquire 2B Dee Gordon and SP Dan Haren from the Los Angeles Dodgers in exchange for SP Andrew Heaney, RP Chris Hatcher, OF Kike Hernandez and C Austin Barnes, according to Andy Martino of the New York Daily News and Clark Spencer of the Miami Herald.

Wednesday: Pittsburgh Pirates acquire RP Antonio Bastardo from the Philadelphia Phillies in exchange for SP Joely Rodriguez, according to Joel Sherman of the New York Post.

Wednesday: Houston Astros sign RP Pat Neshek for two years, $12.5 million, according to Derrick Goold of the St. Louis Post-Dispatch.

Wednesday: Houston Astros sign RP Luke Gregerson for three years, $18.5 million, according to Bob Nightengale of USA Today.

Tuesday Night: Chicago Cubs sign SP Jon Lester for six years, $155 million with a $15 million vesting option in 2021, according to Ken Rosenthal of Fox Sports, Jeff Passan of Yahoo Sports and David Kaplan of CSN Chicago.