UPDATE: flunked physical report debunked; Halladay-Lee deal final; press conferences scheduled

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UPDATE:  All of that business about the flunked physicals from a couple of hours ago is totally bogus. Everyone is fine, Selig still has to sign off on the $6 million going to Philly, but  the deal is done and the Phillies and Mariners are going to have press conferences announcing the deals later this afternoon.

Just another day in the blogosphere.

12:55 P.M.
  Bob Elliott of the Toronto Sun just tweeted that someone involved in the blockbuster trade between the Jays, Phillies and Mariners flunked their physical.

This sounds rather dramatic — a flunked physical can derail a deal — but it may not be a big problem. Generally speaking, teams have the ability to waive physicals as conditions to deals, and often do. Not when they find that a guy is missing his coccyx or something, but for minor things.

To my knowledge, none of the guys involved in this deal had anything major on the radar, so this could be nothing.  We’ll obviously update you if something develops.

UPDATE: It wasn’t Lee or Halladay.  It was one of the minor leaguers.