12:29am: The Cubs are sitting on multiple proposals for Lilly, tweets Rosenthal. The Dodgers are in the mix, but the two sides are still apart on money and players. He adds that the Dodgers find themselves in a similar position with the Pirates' Paul Maholm.
11:49pm: It's unlikely that the two sides get a deal done tonight, but talks are moving in a "positive" direction, a source tells Jayson Stark of ESPN (via Twitter).
10:53pm: The Dodgers and Cubs are closing in on a deal, according to ESPN.com's Buster Olney (via Twitter).
10:37pm: The Cubs are discussing two possible scenarios with the Dodgers, according to ESPNLosAngeles.com's Tony Jackson. One would send Lilly to LA and the other would send Lilly to LA along with teammate Ryan Theriot. FOX Sports reported early this morning that the Dodgers could acquire Theriot. ESPN.com's Jayson Stark confirms that the Yankees are in on Lilly and notes that they also inquired on Theriot (Twitter link).
10:21pm: The Cubs continue discussing Lilly with the Yankees and Dodgers, according to Ed Price of AOL FanHouse (Twitter link).
9:49pm: The only thing preventing the Cubs from sending Lilly to the Dodgers is money, according to ESPN.com's Jayson Stark (via Twitter). The clubs can't agree on how much money the Cubs would take on, but it could be enough to prevent a deal from happening.
8:59pm: The Yankees are still in on Lilly, according to Gordon Wittenmyer of the Chicago Sun-Times (Twitter link). The Padres had discussions about Lilly, but nothing is imminent, according to Dan Hayes of the North County Times (Twitter link).
3:18pm: The Reds have a "remote" chance of obtaining Lilly, according to Jon Paul Morosi of FOX Sports (Twitter links). The clubs haven't spoken in recent days, but the Reds are not on Lilly's no-trade list.
2:10pm: The Tigers still aren't out on Lilly, reports ESPN's Jayson Stark. He adds that a mystery team is in the mix. Hard to pin down a reasonable match, with the Padres not interested.
Rosenthal tweets that the Dodgers are more inclined to get Lilly without Theriot.
2:05pm: The Dodgers are talking to the Cubs about a multiplayer deal that would include Lilly and a position player, tweets Dylan Hernandez of the L.A. Times. Hernandez does not believe Theriot would be the position player. By the way, Tom Krasovic of AOL FanHouse tweets that the Padres are not a fit for Lilly.
11:58am: The Dodgers are waiting for Lilly's cost to come down, tweets Yahoo's Tim Brown. He notes that they're also monitoring Paul Maholm and Jason Frasor. The Pirates are willing to move a starting pitcher for the right price, GM Neal Huntington told Dejan Kovacevic of the Pittsburgh Post-Gazette.
7:10am: The Dodgers and Cubs are discussing a trade that could send Ted Lilly and Ryan Theriot to Los Angeles, report Ken Rosenthal and Jon Paul Morosi of FOX Sports. They say it's not known whether a deal is close. The Cubs would need to kick in cash - Lilly has $4.3MM remaining and Theriot has $933K.
Theriot received a $2.6MM salary for 2010 after losing an arbitration case to the Cubs in February. He's under team control through 2012; the FOX writers see him taking over at second base for the Dodgers. It doesn't seem to be the strongest need for them, with Blake DeWitt currently outperforming Theriot and Jamey Carroll and Ronnie Belliard also on the roster.
There aren't a ton of great matches for Lilly at this point, as action with the Tigers, Twins, and Mets has cooled and the Phillies are out of the mix. I wonder if we'll hear anything about the Cardinals and Padres looking at the lefty.