2025 Trade Deadline Megathread #2: 4 Hours To Go!

The Trade Deadline continues! Check here for all Trades, Rumors, and Speculation about all things across the league!

ALL TRADE DEADLINE TRADES:

(Starting at 12:01 AM [EST] on July 31st, 2025)

The above list of trades will continue to be updated throughout the trade deadline at 6:00 PM (EST). If you want a list of trades, rumors, and discussions from this morning (and going back to July 24th), check out the morning megathread, here.

To see a full list of Trade Deadline trades (going back to the beginning of July), check out the MLB.com list here.

TODAY'S TRADES:

(Most recent updates are highlighted in Yellow.)

9:39 AM - Jon Morosi (MLB): "Toronto-Cleveland trade will be 1 for 1, source says. Shane Bieber for Khal Stephen."

9:54 AM - Chris McCosky (Detroit News): "Per source: Tigers are acquiring reliever Paul Sewald from Cleveland. He’s posted a 30% whiff rate over the last three seasons. Details on the return to come. Could be a cash or player to be named."

11:01 AM - Jeff Passan (ESPN): "BREAKING: The San Diego Padres are acquiring closer Mason Miller and starter J.P. Sears from the A's, sources tell ESPN."

12:34 PM - Ken Rosenthal (TheAthletic): "Tigers acquiring Kyle Finnegan from Nationals, source tells @TheAthletic"

1:01 PM - Jeff Passan (ESPN): "The Philadelphia Phillies are finalizing a trade to acquire outfielder Harrison Bader from the Minnesota Twins, sources tell ESPN."

1:22 PM - Jeff Passan (ESPN): "The Los Angeles Dodgers are finalizing a deal to acquire right-handed reliever Brock Stewart from the Minnesota Twins, sources tell ESPN." (Tweet)

2:21 PM - Jon Morosi (MLB): "Trade: Tigers acquire Codi Heuer from Rangers." (Tweet)

2:45 PM - Jeff Passan (ESPN): "The New York Yankees are finalizing a trade to acquire closer David Bednar from the Pittsburgh Pirates, sources tell ESPN. Deal is pending medical review." (Tweet)

2:55 PM - Jeff Passan (ESPN): "The San Diego Padres are acquiring catcher Freddy Fermin from the Kansas City Royals for right-hander Ryan Bergert, sources tell ESPN." (Tweet)

3:38 PM - Anthony DiComo (SNY): "Source: The Mets are acquiring Cedric Mullins from the Orioles. Raimon Gomez, Anthony Nunez and Chandler Marsh are going back to Baltimore, per source." (Tweet)

3:40 PM - Jack Curry (YES): "Yanks have acquired Jake Bird from Rockies" (Tweet)

4:03 PM - Brian McTaggart (MLB): "Source: The Astros are have agreed to a deal to reacquire Carlos Correa in a trade with the Twins." (Tweet)

4:18 PM - Jeff Passan (ESPN): "The Texas Rangers are acquiring left-hander Danny Coulombe from the Minnesota Twins, sources tell ESPN." (Tweet)

4:19 PM - Ken Rosenthal (TheAthletic): "Source confirms: Astros acquiring OF Jesús Sánchez from Marlins. First: @michaelschwab13" (Tweet)

4:26 PM - Robert Murray (FanSided): "BREAKING: The San Diego Padres are acquiring slugger Ryan O’Hearn from the Baltimore Orioles, according to sources familiar with the deal." (Tweet)

4:28 PM - Jeff Passan (ESPN): "The San Diego Padres are finalizing a deal to acquire first baseman Ryan O'Hearn and outfielder Ramon Laureano from the Baltimore Orioles, sources tell ESPN." (Tweet)

4:55 PM - San Diego Padres: "We have acquired infielder Will Wagner from the Toronto Blue Jays in exchange for catcher Brandon Valenzuela." (Tweet)

5:05 PM - Jeff Passan (ESPN): "The Los Angeles Dodgers are acquiring outfielder Alex Call from the Washington Nationals, a source tells ESPN." (Tweet)

5:24 PM - Jeff Passan (ESPN): "BREAKING: The Texas Rangers are acquiring right-hander Merrill Kelly from the Arizona Diamondbacks, sources tell ESPN." (Tweet)

5:28 PM - Jack Curry (YES): "Yankees have traded Oswald Peraza to the Angels." (Tweet)

5:29 PM - Jon Heyman (NY Post): "Willi Castro to Cubs for prospects" (Tweet)

5:43 PM - Jeff Passan (ESPN): "The Kansas City Royals are acquiring left-hander Bailey Falter from the Pittsburgh Pirates, sources tell ESPN." (Tweet)

5:48 PM - Robert Murray (Fansided): "Source: Reds acquire Miguel Andujar." (Tweet)

5:48 PM - Ken Rosenthal (TheAthletic): "Padres acquiring LHP Nestor Cortes Jr. from Brewers, source tells @TheAthletic" (Tweet)

5:48 PM - Jeff Passan (ESPN): "The Boston Red Sox are acquiring right-hander Dustin May from the Los Angeles Dodgers, sources tell ESPN." (Tweet)

5:52 PM - Mark Feinsand (MLB): "The Yankees acquire Jose Caballero from the Rays - yes, he's in the visiting dugout at Yankee Stadium - for Everson Pereira and a PTBNL, per source." (Tweet)

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Adrian Houser to Rays (Tweet)

Phil Maton to Rangers (Tweet)

Taylor Rogers to Cubs (Tweet)

THE AFTERNOON RUMORS:

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1:07 PM - Jon Morosi (MLB): "A Steven Kwan trade today is viewed as increasingly likely, source says." (Tweet)

4:36 PM - Jon Heyman (NY Post): "Astros are working to try to land Dylan Cease. No word it’s done but they’re talking." (Tweet)

YANKEES RUMORS:

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1:24 PM - Jon Heyman (NY Post): "Teams with good/great pieces consistently ask the Yankees about top OF prospect Spencer Jones . The Yankees are consistent on this too: They will only trade Jones (and others in package) for Paul Skenes, who’s not available and not going anywhere." (Tweet)

2:53 PM - Robert Murray (Fansided): "Sources: Rafael Flores is among the players going to the Pirates from the Yankees in the David Bednar deal." (Tweet)

3:08 PM - Bob Nightengale (USA Today): "The Yankees, who acquired All Star closer David Bednar, are sending the Pirates: Catcher Rafael Flores, their No. 8 prospect, Cather/1B Edgleen Perez, their No. 14 prospect, Center fielder Brian Sanchez." (Tweet)

3:16 PM - Brendan Kuty (TheAthletic): "The Yankees aren't expected to stand pat after adding David Bednar. As previously reported, they have been all over the bullpen market, and they have been keeping in touch on starting pitchers." (Tweet)

3:22 PM - Bryan Hoch (MLB): "The Yankees have asked the Marlins for a package that would include Sandy Alcantara and Anthony Bender." (Tweet)

3:43 PM - Mark Feinsand (MLB): "The Rockies get Roc Riggio and Ben Shields from the Yankees for Bird, per source." (Tweet)

4:07 PM - Andy Martino (SNY): "Yanks might not be done. Mets feel most likely done" (Tweet)

4:48 PM - Jon Heyman (NY Post): "Yankees are still talking to teams about adding a starting pitcher. No word anything’s close yet." (Tweet)

5:06 PM - Joel Sherman (NY Post): "Devin Williams name has come up in discussions. DOES NOT mean the Yankees are trading him. Lots of names discussed this time of year. Williams a free agent after this season. Remember Bednar cannot only close, but has 1 more year of team control beyond this season." (Tweet)

5:37 PM - Joel Sherman (NY Post): "Yankees are getting Wilberson De Pena and

International $$ for Peraza from the Angels" (Tweet)

AFTERNOON DISCUSSIONS:

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ON STEVEN KWAN (& GRISHAM)

For years, the Yankees have needed a true lead-off hitter. Just this year alone, the Yankees have tried 6 different guys in the lead-off spot. Last year, it was 7. In 2023, they tried 10 (!) different guys. That's absurd. Luckily, there is a fix available. A top tier defensive player, a consistently above-average bat who hits for a high average and has two more years (after this) of control. Steven Kwan would be a perfect fit for this team. Now and in the future.

Meanwhile, Trent Grisham is not a future stud for the Yankees. He's having a remarkable season that stretches well beyond the back of his baseball card. Right now is the time to trade him. He'd return a pretty penny (especially if reports that Luis Robert Jr. are not for sale are accurate), which could be used in the deal for Kwan.

It won't happen, but if I was in the Yankees front office, he would be my number 1 target over the next 4 hours.

ON DAVID BEDNAR:

YES! YES! YES! YES! YES!

THE LAFAYETTE COLLEGE GRADUATE BECOMES A YANKEE!!!

I AM SO HAPPY! I HAVE A NEW FAVORITE YANKEE!

Bednar comes with 2 years of control and has now helped the Yankees become a 3-headed monster in the back-end of the bullpen, along with Devin Williams and Luke Weaver. However, both Williams and Weaver can become free agents after the season, which makes the extra year of control a very important factor for Bednar.

In the trade, the Yankees moved on from their No. 8 and No. 14 prospects, catchers Rafael Florez and Edgleen Perez, respectively.  This is not a huge loss, as the Yankees always have a ton of catching depth. Additionally, outfielder Brian Sanchez is also in the deal.

Considering the returns for other top relievers, this is a great deal for the Yankees. (And I am SUPER pumped!)

ON JAKE BIRD:

Roc Riggio was the Yankees No. 10 prospect, while Ben Shields was the Yankees No. 28 prospect. Decent give, but not the worst given the relief pitcher market.

I don't know much about Bird, but he has had an ERA+ of 100 (or better) in the last three seasons while playing with the Colorado Rockies. The Yankees have been looking to bolster their bullpen, and this looks to be a solid move. Hopefully he gets better with the change of scenery. (Don't look at his ERA!)

He also comes with 3+ years of control. That's a good thing!

ON THE TWINS:

I'm just going to put it here with about 30 minutes left.

Cashman would win the trade deadline if he pulls out a blockbuster for the Twins remaining good players: Joe Ryan, Willi Castro, and Griffin Jax.

...and Willi Castro is going to the Cubs. That's fine. Get Ryan and Jax.