Rumors have the Rays have acquired Jason Bay for two of their top prospects, SS Rob Brignac and P Jeff Nieman. They had contended they wouldn't part with Brignac but when push came to shove he was packing his bags for the Pirates Organization.
This appears to signal two things: 1) The Rays are going for it this year. They want to make the playoffs for the first time in their history. 2) Manny is not going to Marlins in a three way deal. This means he is likely staying put. However there are rumors the Dodgers have been a late entry to this sweepstakes.
Only 20 minutes left in the non-waiver deadline so deals should be coming in soon. Back later with updates.
UPDATE: This appears to be falsely reported by MLB.com