Red Sox Acquire Adam LaRoche

9:18pm: Baseball America's Matt Eddy has a comprehensive rundown of both prospects Pittsburgh acquired for LaRoche. Eddy likes Diaz's defense, but his bat is "a bit light for a regular role." He says Strickland's fastball gives him a chance to be a big league reliever, but he needs to refine his secondary pitches.

2:09pm: Kovacevic says the Pirates are not sending any cash to the Red Sox.

1:09pm: Danny Knobler of CBS Sports reports that the Pirates are sending cash to the Red Sox to contribute to the remainder of the $7.05MM LaRoche makes this year. They also sent cash to the Yankees in the Eric Hinske deal.

1:02pm: ESPN.com's Keith Law says Diaz's glove could make him a legitimate MLB backup in spite of his bat. Strickland is "probably a reliever at best." 

12:31pm: Kevin Goldstein of Baseball Prospectus says Diaz is a very good defender who doesn't hit much. He says Strickland is a projectable righty with a fastball around 90 mph and average secondary stuff.

12:21pm: Ben Badler of Baseball America says the pair of prospects isn't much, not that the Pirates should expect more for two months of LaRoche.

12:05pm: Speier reports that the Pirates receive pitcher Hunter Strickland and shortstop Argenis Diaz.

11:49am: Alex Speier of WEEI.com reports that Manny Delcarmen will not be part of the trade.

11:45am: What you need to know about LaRoche: He's a 29-year-old first baseman hitting .247/.329/.441; he has a history of playing well in the second half; his defense is slightly below average; he makes $7.05MM this year before becoming a free agent and he's on the cusp of projecting as a Type B free agent, though he's currently below the cut.

11:15am: Kovacevic says the Pirates have traded LaRoche to the Red Sox.

11:00am: John Perrotto says LaRoche has been traded.

10:58am: Kovacevic says LaRoche is not in today's lineup.

10:56am: Ed Price of MLB FanHouse hears that LaRoche has been traded.

10:44am: Dejan Kovacevic of the Pittsburgh Post-Gazette says the Pirates clubhouse is buzzing over the possiblity that Adam LaRoche will soon be traded. However, LaRoche is taking batting practice and is expected to play today.