UPDATE: The Rays acquire Jesse Crain from the White Sox

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UPDATE: The deal is done. Buster Olney reports that the Rays have acquired Jesse Crain from the White Sox for future considerations. Olney believes that the future considerations will be based on how many games Crain, who has a bad shoulder, pitches for Tampa Bay. The more he pitches, the better the return.

Crain, if healthy, will be a solid addition to the Rays’ pen.  Between this and the Scott Downs trade, it’s been a pretty bullpenny day.

12:40 PM: OK, maybe not so fast:

Trade deadline: a time when reports last approximately seven seconds before being refuted.

12:30 PMESPN Chicago’s Bruce Levine reports the White Sox are close to trading veteran setup man Jesse Crain as part of a three-team deal involving the Rays.

There were thoughts that Crain’s shoulder injury and current DL-status would prevent a deal from happening. But that, it seems, is being overcome. And may be part of the reason why Levine reports that the deal is “complicated.”

For the Rays, a move to pick up Crain would be a rare buy-at-the-deadline transaction. But if Crain can pitch in the second half, he’d be a boon to their bullpen. In 38 appearances this year he’s put up a fantastic 0.74 ERA while striking out 46 batters and walking 11 in 36.2 innings.

Report: Brewers sign Yovani Gallardo to a major league deal

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Free agent right-hander Yovani Gallardo is headed back to the Brewers on a major league deal, The Athletic’s Ken Rosenthal reports. No other terms have been reported yet, as the agreement is still pending a physical.

Gallardo, 31, completed a one-year run with the Mariners before getting his $13 million option declined by the team last month. He provided little value during his time in Seattle, pitching to a 5-10 record in 22 starts and putting up a 5.72 ERA, 4.1 BB/9 and 6.5 SO/9 in 130 2/3 innings as both a starter and reliever.

Still, assuming the veteran righty is on the cusp of a comeback, he may as well try for it with his original club. Gallardo last appeared for the Brewers from 2007 to 2014, racking up a cumulative 20.8 fWAR and peaking during the 2010 season, when he earned his first All-Star nomination and Silver Slugger award. This will be his ninth career season with the club.

Even with Gallardo aboard, the Brewers are expected to continue deepening their pitching stores for 2018. With team ace Jimmy Nelson still recovering from shoulder surgery, the club will enter the season with a projected rotation of Gallardo, Zach Davies, Chase Anderson and Junior Guerra, the latter of whom pitched just 70 1/3 innings in 2017 following a right calf strain and shin contusion. Another big name pitcher could help cement Milwaukee’s rotation and keep them competitive for another year, though they don’t appear to have made any concrete moves in that direction so far.