The theme of Peter Gammons' latest blog post: almost every team needs pitching. One GM told Gammons, "Other than the Yankees, Rays, Red Sox, Reds, Marlins and Twins, everyone is looking for pitching, at least affordable pitching." Most of the clubs with possible surpluses are thought to be hoarding arms.
Gammons talked to an NL GM who commented on the Red Sox:
"There are a lot of teams sniffing around on guys like Manny Delcarmen and Ramon Ramirez. But they want a premium young catcher or bat in return. When they're ready to bring Clay Buchholz and John Smoltz into the equation, they may be dealing from a position of strength because of their pitching depth and the fact that they are so far under budget."
My opinion - a pitching surplus often turns into a deficit in the course of a month or two.