SATURDAY: The Rays received $100K from the Indians to complete the trade, reports MLB.com's Jordan Bastian (on Twitter).
Canzler made his MLB debut in 2011, appearing in three games with the Rays as a September callup. He spent most of the season at Triple-A, where he posted a .314/.401/.530 line with 18 home runs and 40 doubles in 549 plate appearances, and won the International League MVP.
Canzler appeared at all four corner positions in 2011. The right-handed hitter figures to add balance to an Indians lineup that features more than its share of left-handed hitters at third base and in the corner outfield spots. It's unclear whether the addition of Canzler will affect the Indians' interest level in free agent first baseman Casey Kotchman.
The Cubs selected Canzler in the 30th round of the 2004 draft. He has options remaining, so the Indians aren't obliged to keep him in the Major Leagues, MLB.com's Jordan Bastian tweets.