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Report: Phillies have had ongoing discussions with Addison Reed

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Update 3 (8:32 PM ET): Matt Gelb of the Philadelphia Inquirer also disputes Olney’s report. In fact, Gelb reports that the Phillies are moving in on a deal with free agent pitcher Tommy Hunter.

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Update 2 (8:20 PM ET): Jon Heyman of FanRag Sports disputes Olney’s report, which was backed up by Joel Sherman of the New York Post.

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Update (8:18 PM ET): ESPN’s Buster Olney reports that the Phillies are closing in on a three-year deal with Reed.

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Ken Rosenthal of The Athletic reports that the Phillies have had ongoing discussions with free agent reliever Addison Reed.

Reed, who turns 29 years old later this month, had a solid season between the Mets and Red Sox this past season. He compiled an aggregate 2.84 ERA with 19 saves and a 76/15 K/BB ratio in 76 innings. Reed has had the two best years of his career over the last two seasons, which is certainly an encouraging trend.

The Phillies signed Pat Neshek on Monday evening, but apparently would like to add another veteran arm to the bullpen. If signed, the Phillies would likely use Reed ahead of closer Hector Neris. Neshek would currently operate in the set-up role, though new manager Gabe Kapler would probably use the two interchangeably on an as-needed basis in that role.

Dodgers acquire Manny Machado from Orioles for five minor leaguers

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The Orioles and Dodgers finally completed the trade involving Manny Machado, ESPN’s Jerry Crasnick reports. The Orioles will receive five prospects from the Dodgers: Yusniel Diaz, Dean Kremer, Zach Pop, Rylan Bannon, and Breyvic Valera.

Machado, 26, is in the final year of his contract, so this is currently a rental for the first-place Dodgers. Machado ended the first half batting .315/.387/.575 with 24 home runs, 65 RBI, 48 runs scored, and eight stolen bases in 413 plate appearances. In Los Angeles, he will handle shortstop, allowing Chris Taylor to move over to second base.

MLB Pipeline rated Diaz as the Dodgers’ No. 4 prospect and No. 84 across baseball. Kremer was No. 27 in the Dodgers’ system and Bannon was No. 28.

Diaz, 21, is considered the centerpiece of the trade. The outfielder hit .314/.428/.477 with 20 extra-base hits, 30 RBI, and 36 runs scored in 264 plate appearances at Double-A Tulsa this season.

Kremer, 22, was selected by the Dodgers in the 14th round of the 2016 draft. He spent most of his season with High-A Rancho Cucamonga before earning a promotion to Tulsa earlier this month. Overall, in 17 starts, the right-hander posted a 3.03 ERA with a 125/29 K/BB ratio in 86 innings.

Pop, 21, was selected by the Dodgers in the seventh round of the 2017 draft. He has spent his season between Rancho Cucamonga and Single-A Great Lakes. Overall, he compiled a 1.04 ERA with 47 strikeouts and 13 walks in 43 1/3 innings of relief.

Bannon, 22, was selected by the Dodgers in the eighth round of the 2017 draft. With Rancho Cucamonga this season, the infielder batted .296/.402/.559 with 20 home runs and 61 RBI in 403 PA.

Valera, 26, has appeared in 20 games at the major league level for the Dodgers this season, batting a meager .172 with a .445 OPS in 34 PA. Valera has versatility, having played second base, third base, and corner outfield this year while also having experience in center field, shortstop, and first base.