UPDATE: Cubs "likely" to trade Ted Lilly and Ryan Theriot to Dodgers

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UPDATE: Stark reports that the Cubs are “likely” to send Ted Lilly and Ryan Theriot to the Dodgers. We already know that the Yankees are out, so it sounds like this could get done.

1:06 AM: Jayson Stark of ESPN.com provides an update on Buster Olney’s report, saying that it’s unlikely the Dodgers and Cubs will reach an agreement on Ted Lilly tonight, however a source tells him that they are moving in a “positive” direction.

11:51 PM, Friday: According to Buster Olney of ESPN.com, the Dodgers are “closing in” on a trade for Cubs left-hander Ted Lilly.

Lilly is 3-8 with a 3.69 ERA and 1.14 WHIP over 18 starts this season. He is owed approximately $4.3 million for the rest of this season, so you’d have to assume the Cubs would throw some money in.

Just a little while ago, Tony Jackson of ESPNLosAngeles.com reported that the Dodgers were weighing a deal for just Lilly and another that includes infielder Ryan Theriot.

Report: Welington Castillo to be suspended 80 games for violating Joint Drug Agreement

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Ken Rosenthal of The Athletic confirms a report from journalist Américo Celado that White Sox catcher Welington Castillo will be suspended 80 games for violating baseball’s Joint Drug Agreement. Castillo was believed to have used a steroid, but according to Rosenthal, the substance was not a steroid. More details should come on Thursday.

Castillo, 31, entered Wednesday’s action batting .270/.314/.477 with six home runs and 15 RBI in 118 plate appearances. He has gotten the bulk of the work behind the plate, backed up by Omar Narváez.

Castillo’s absence will likely prompt the White Sox to call up Kevan Smith from Triple-A Charlotte. Smith battled an ankle injury in March and April, so he got a late start to the season. In 102 PA at Triple-A, he has hit .283/.343/.457.