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.

The Giants might be ready to part ways with Hunter Pence

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Alex Pavlovic of NBC Sports Bay Area hints that the Giants may be done with outfielder Hunter Pence. It’s not clear just how seriously the club is contemplating such a decision, but there are six days remaining on Pence’s rehab assignment, at which point they’ll be able to recall him, reassign him to the minors or release him.

The 35-year-old outfielder has struggled to make a full recovery after spraining his right thumb during the first week of the season. Pence bounced back for a 17-game run with the Giants in April, during which he slashed a meager .172/.197/.190 with one double and one stolen base in 61 plate appearances, but was eventually placed on the disabled list with recurring soreness in his finger. He currently sports a promising .318/.359/.388 batting line with four extra-base hits (including a grand slam) over 92 PA in Triple-A Sacramento.

Despite his recent resurgence in Triple-A, the Giants may not need the additional outfield depth just yet. Mac Williamson, who was recalled in the wake of Pence’s DL assignment, has already cemented the starting role in left field and is off to a strong start at the plate as well. Of course, if the Giants decide to say a premature goodbye to their veteran outfielder (who, it should be said, helped them to two World Series championships over the last seven seasons), it’ll cost them the remaining balance on his $18.5 million salary for 2018.