According to MLB.com, the Tampa Bay Rays have acquired Pittsburgh Pirates’ outfielder Jason Bay for minor league prospects Reid Brignac and right-hander Jeff Niemann.

With the three-way deal between the Pirates, Red Sox, and Marlins falling through, an MLB.com source says that the Rays are going to acquire right-handed hitting outfielder Jason Bay for Minor League prospects including shortstop Reid Brignac and right-hander Jeff Niemann. The Rays have not confirmed the deal.

If the reports are true, this is a great deal for the Rays, who land a solid hitter and corner outfielder in Bay, who they would have under contract through 2009. Tampa would be giving up one of the league’s top infield prospects, but at least the Rays are going after it this year.

Update: Check that, Jon Heyman of SI.com is now reporting that Bay is heading to the Red Sox as part of a three-team trade that will send Manny Ramirez to the Dodgers.