5:59pm: Jayson Stark reports that the Rays and Pirates haven’t had much dialogue today, and that talks have slowed. The Pirates have backed off just a bit, but may want to see what happens with Manny Ramirez in case they can get the Red Sox interested.
3:16pm: Kovacevic has more. Brignac and Jeff Niemann’s names are coming up in the Tampa Bay talks. ESPN’s Jayson Stark heard the same, and adds that Hellickson, David Price, and Wade Davis are off-limits.
The Cardinals are in on Bay but not John Grabow. Kovacevic says Colby Rasmus is untouchable, making the Pirates lean toward the Rays. He adds that the Mets seem out of the running.
1:23pm: The Pirates and Rays are still talking, with the Cardinals lingering. Dejan Kovacevic says Reid Brignac and Jeremy Hellickson are on the Bucs’ radar.
12:30pm: Heyman talked to one NL source who puts the chances of a Bay trade at 50-50. The Pirates are looking around to see if they can beat the Rays’ offer.
11:13am: SI.com’s Jon Heyman checks in on Bay. He says the Rays are flirting, while the Mets, D’Backs, and Cardinals are also in the mix. ESPN’s Buster Olney says the Rays and Pirates are "talking constructively to bridge the gap." Rays manager Joe Maddon admits some "very interesting stuff" is on the table.
8:43am: According to Dejan Kovacevic of the Pittsburgh Post-Gazette, the Pirates are deep into talks with the Rays and other teams about left fielder Jason Bay. However, no "truly elite prospect" has been offered yet, and the chances are better than 50-50 that Bay stays. And who would move to right field for the Rays – Bay or Carl Crawford? The Braves are considered out of the mix.
Shortstop Jack Wilson seems likely to stay, while reliever John Grabow will probably be dealt.