7/27 13:15: Joel Sherman of the New York Post says, “The one player that there is agreement will definitely be traded before the deadline is the Cubs’ Ted Lilly.” Sherman adds that the Yankees’ interest is miniscule.

Dodgers owner Frank McCourt wants to get some positive press and will authorize a small payroll bump to obtain a pitcher. Manager Joe  Torre and Lilly had a good relationship when both were with the Yankees.

7/26 13:16: Ken Rosenthal of FOXSports says the Yankees are not in on Cubs’ Lilly at this time.

7/26 00:27: Carrie Muskat of MLB.com says that it’s not a question of if Chicago Cubs left-handed pitcher, Ted Lilly, will be traded but when. Lilly’s next start is Tuesday in Houston.

Cubs’ assistant GM Randy Bush spent a long time talking with Lilly prior to Sunday’s game.

Lilly is owed more than $4 million and the Cubs may want to move him not only to give him a chance to pitch in the postseason, but also to take money off the books.

The New York Mets have been known to be pursuing Lilly. The left-hander is 1-3 with a 5.44 ERA in his last seven starts and has about $4 million left on his contract. He will be a free agent after the season.

Related posts:

1. Update-Ted Lilly Rumors: Cubs plan to trade him before next start?
2. Ted Lilly Rumors: Lilly makes the most sense for NY Mets
3. Ted Lilly Rumors: New York Yankees interested in Lilly?
4. Update-Chicago Cubs looking at Mets prospects for possible Ted Lilly trade?
5. Los Angeles Dodgers targeting Chicago Cubs Ted Lilly?