The State of the Trade Deadline: Yesterday was pretty sleepy. Will general managers wake up today?

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Justin Masterson was traded yesterday. And beyond that it was nothin’ but rumors. Jon Lester and John Lackey are still Red Sox. The Phillies have unloaded no one despite needing to unload just about everyone. Teams like the Brewers and Mariners, who are in tough races and have a need, have been silent. Teams like the Dodgers, who could probably disrupt everyone’s plans if they wanted to, are still quiet too.

That’s somewhat baffling, but here’s where we stand, less than eight hours until the trade deadline:

Jon Lester: There were rumors yesterday afternoon that the Orioles were closing in on a deal for Lester, but nothing happened. The Dodgers are apparently out. The Cardinals were allegedly in before picking up Masterson, but who knows if they still are now. My personal favorite here — the Pirates — has the sort of minor league talent the Sox likely want in return. But you have to figure Pittsburgh is not serious about a long-term extension for Lester, thereby making them balk at unloading the prospect truck. This one could go to the wire.

David Price: He had a bad game yesterday, losing to the Brewers, but I think he can be forgiven for that. The Rays conundrum here is that they’ve been winning lately and it’s really hard to sell off your best player when the fans think you’re contending. But do the Rays themselves think they’re contending? For as hot as they’ve been, there are still many clubs ahead of them in the standings, both in the AL East and the wild card. Mathematically, they still have a less-than-10 percent chance of making the playoffs. Can they forego a big prospect haul for that less-than-10 percent chance? I don’t think I could. If they don’t trade him today, they can’t expect to get nearly as good a deal in August. He won’t clear waivers, in all likelihood, thereby limiting the number of teams to whom the Rays can shop him. It’s gut-check time for the Rays’ front office.

[MORE: 30 seconds to know about the Trade Deadline]

Marlon Byrd: There aren’t a lot of decent bats on the market, making Byrd look like the best one by default. At least the most powerful one, as has 20 homers and a .477 slugging percentage at the break. The Mariners were long thought to be a favorite for Byrd, but they dropped out of the bidding yesterday afternoon. That could just be the Mariners being weird. Or it could be the Phillies being in denial. They have to unload players and Byrd is likely the most marketable one they have. Is Ruben Amaro holding out for too much? Will other teams with offensive needs — say, the Yankees or Royals — sweep in and get a late bargain today?

[MORE: Mariners out on Byrd]

John Lackey: It was reported yesterday that there was a “very good chance” Lackey would be traded by today’s deadline. The Marlins were said to be talking to Boston about him yesterday, but that doesn’t’ seem to be serious. Given that Lackey has a $500,000 team option for next season and given that he’s still a more-than-solid starter, just about every team should be interested in his services. To be honest, though, I have no idea why the Red Sox would want to deal him, so you have to figure they’ll be asking a lot for their bargain basement starter.

[MORE: Lackey to Marlins? Probably not]

Alex Rios: The other prominent bat on the market. He was hit by a pitch and left yesterday’s game, so that may scare people, but it doesn’t seem like a big deal. Rios’ speed and better defensive value may make him a better option than Byrd. He’s also someone who can walk after this season, under contract for what’s left of his $12.5 million this year and a club option for $13.5 million in 2015. The Mariners may have shifted focus to him.

Joaquin Benoit: Relievers are always a hot commodity at the deadline, and Benoit should be the hottest. For one thing, he’s been great this year. For another he has shown that he can and will close or set up, depending on your needs. Finally, the Padres have a “yard sale” sign set up outside of Petco Park so you have to figure they’re talking to people. They were rumored yesterday to be talking to the Dodgers, but it’s unclear how serious that is. Really, everyone needs bullpen help down the stretch, so anyone could snag him.

The Phillies: Byrd, Bastardo, A.J. Burnett, Papelbon, Lee and even Howard and Hamels have been in rumors. Still the Phillies have made no moves. This despite needing to turn the page on this era and think about the future. If nothing happens in Philly, things could get ugly.

As always, keep it on HBT all day, as we will be updating constantly, keeping you up on everything that happens between now and the 4PM Eastern deadline.

Video: Gift Ngoepe singles in his first major league at-bat

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Pirates infielder Gift Ngoepe, just called up from Triple-A Indianapolis, singled in his first major league at-bat on Wednesday evening against Cubs starter Jon Lester. It was a well-struck ground ball up the middle in the bottom of the fourth inning. Unfortunately for him, the Pirates could not bring him around to score.

Ngoepe, who was pinch-hitting, stayed in the game to play second base.

Shelby Miller getting third opinion on elbow from Dr. James Andrews

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Diamondbacks starter Shelby Miller was placed on the 10-day disabled list on Monday due to inflammation in his right elbow. He had a second opinion from Dr. Neal ElAttrache on Tuesday and is currently awaiting a third opinion from Dr. James Andrews, Craig Grialou of Arizona Sports reports. That he’s getting a third opinion seems to imply that Miller’s elbow issue is rather serious.

Miller, 26, hasn’t been able to catch a break since joining the Diamondbacks. Last year’s nightmarish season included a finger injury stemming from mechanical woes and a brief demotion to the minor leagues. In 20 starts in the majors last year, Miller posted an ugly 6.15 ERA. This year, his ERA is a mediocre 4.09 over four starts.

The Diamondbacks called up Zack Godley to take Miller’s spot in the rotation. There was some speculation that it would be Archie Bradley instead, but he’s been working out of the bullpen.