The nine-player blockbuster between the Red Sox and Dodgers is complete

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UPDATE: The trade has been announced. The Red Sox have traded Adrian Gonzalez, Josh Beckett, Carl Crawford, Nick Punto and cash considerations to the Dodgers for James Loney, Allen Webster, Ivan De Jesus, Jr. and two players to be named later.

Rubby De La Rosa and Jerry Sands are reportedly the players to be named and will join the Red Sox organization following the season. The Red Sox must wait to acquire De La Rosa and Sands because they didn’t clear waivers this month.

1:32 p.m.: OK, it’s done. For real this time. Dylan Hernandez of the Los Angeles Times reports that the deal is official while Jon Heyman of CBSSports.com hears that Adrian Gonzalez, Josh Beckett and Nick Punto are already on a plane to Los Angeles. No word on if fried chicken is on the in-flight menu.

11:59 a.m.: Jon Heyman of CBS Sports reports that the trade will get done, but that the two sides are waiting for Carl Crawford’s consent paperwork to go through. He has already waived his no-trade clause verbally, so it’s just a formality at this point.

Gordon Edes of ESPN Boston, who has been all over this trade, hears that an an official announcement is expected at some point this afternoon.

10:00 a.m.: So much for that. According to Dylan Hernandez of the Los Angeles Times, the mega-deal is not yet official and reports of it being complete are premature. Still sounds like it will get done, but we might have to wait a little while longer.

9:32 a.m. ET: According to Michael Silverman of the Boston Herald, the nine-player blockbuster trade between the Red Sox and Dodgers is complete. Dan Roche of WBZ is also reporting that the trade is done. Let’s go over the particulars.

The Red Sox are sending first baseman Adrian Gonzalez, right-hander Josh Beckett, outfielder Carl Crawford and infielder Nick Punto to the Dodgers for first baseman James Loney and four minor leaguers. Those prospects are expected to consist of right-handers Rubby De La Rosa and Allen Webster, first baseman/outfielder Jerry Sands and infielder Ivan De Jesus, Jr., though one or more of them could be announced as players to be named later and be sent to Boston after the season. Crawford and Beckett both waived their no-trade clauses in order for the deal to go through.

The Red Sox will get an incredible amount of financial flexibility as a result of the deal, as Silverman reports that the club will cover just $12 million of the roughly $271.5 million left on the contracts of Gonzalez, Beckett, Crawford and Punto. Those payments will begin next year.

This deal will be viewed as a salary dump in many circles and considering the unprecedented amount of money involved, that’s certainly understandable, but Red Sox general manager Ben Cherington comes out looking pretty good after getting De La Rosa and Webster back in the deal. Each team is essentially getting what they want here, as the Red Sox want to press the reset button and the new Dodgers ownership wants to send the message that they are in it to win it. The deal improves the Dodgers’ chances of making a run in the postseason this year, but it might not look so hot a couple of years from now. Dodgers fans are surely hoping the new ownership has enough money set aside to keep Clayton Kershaw around for the long haul.

Indians sign Melky Cabrera to a minor league deal

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The Indians have signed free agent outfielder Melky Cabrera to a minor league deal. The pact is pending a physical.

Cabrera, 33, went unsigned this past offseason after putting up a season of .285/.324/.423 with 17 homers and 85 RBI with the White Sox and the Royals.

Cabrera will report to Columbus once he passes his physical and, according to Paul Hoynes, there are no guarantees being made to him that he’ll get playing time. That said, the Indians aren’t getting much outfield production from anyone besides Michael Brantley, and Cabrera’s status as a switch hitter would give Terry Francona some flexibility, so it would not be shocking to see him on the big club after some reps in the minors.