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.