With the MLB trade deadline approaching on Friday, I’ll post everything I see and hear regarding the rumors in baseball. So bookmark this page and come back to it, because I’ll be updating it frequently throughout the day today.

Cliff Lee:
– FOX Sports.com writes that the Dodgers are pushing hard for Indians’ ace Cliff Lee, who is also being pursued by the Phillies. Philadelphia has already made a formal offer of Triple-A right hander Carlos Carrasco, shortstop Jason Donald, catcher Lou Marson and Single-A right hander Jason Knapp to Cleveland for Lee.

– Yahoo! Sports is also reporting that the Phillies are on the verge of acquiring Lee for Carrasco, Knapp and two more minor league players.

Jack Wilson and Ian Snell:
– According to a report by the Pittsburgh Post-Gazette, the Pirates have traded shortstop Jack Wilson and Ian Snell to the Mariners for Jeff Clement, Ronny Cedeno and right handed pitchers Aaron Pribanic, Brett Lorin and Nathan Adcock. Clement is a 25-year old catcher who had been hot in Triple-A in May, but the Seattle organization seemingly soured on him long before that.

Freddy Sanchez:
The Pittsburgh Post-Gazette is reporting that a deal between the Pirates and Giants involving second baseman Freddy Sanchez could be imminent. Sanchez has been held out of the Bucs’ last couple games due to a knee injury, which could have slowed down negotiations between the two clubs. But apparently the injury isn’t serious and a deal could be done as early as today.

– The Gazette is reporting that there is no major issues with Sanchez’s knee and is currently listed as day to day.

– Dejan Kovacevic writes via his Twitter page that Sanchez gave the Bucs a contract proposal of 3-years, $20 million, but the club rejected it.

Jarrod Washburn:
– The Brewers are no longer pursing starter Jarrod Washburn according to FOX Sports.com. Milwaukee apparently doesn’t want to give up any of their top prospects in order to make a push this season, so what you currently see is what you’re going to get with the Brewers the rest of the season.

– Ed Price of AOL Fanhouse is reporting that the Reds have acquired outfielder Wladimir Balentien from the Mariners in exchange for RHP Robert Manuel.

I get it – baseball trades are fun. They’re fun to speculate about, they’re fun to debate and they’re fun to analyze. But just because a club needs a bat, an arm or is just looking to shrink salary, doesn’t mean that a trade needs to happen.

I’ve compiled a list of five trade rumors and where they originated. I then discuss why each of them makes sense, but why they also don’t necessarily need to happen.

Rumor #1: The Red Sox will trade for Pirates shortstop Jack Wilson (Pittsburgh Post-Gazette)
Why it makes sense: Boston is growing impatient waiting for Jed Lowrie to recover from a wrist injury that has held him out since mid-April. They’re also tired of watching Julio Lugo (who is equally bad offensively as he is defensively) make a mockery of the game whenever he trots onto the field. While Nick Green has done well filling in for Lowrie while he’s been hurt and for Lugo while he continues to work on being the most overpaid player in professional sports, the Sox feel they could do better with Wilson. (There’s also a rumor making the rounds that Boston wouldn’t have to give up any top prospects in order to acquire Wilson – they just would need to take on the rest of his salary.)
Why it doesn’t need to happen: Wilson is excellent defensively, but he brings very little to the table in terms of offense. He’s also overpaid himself, as he’ll make $7.25 million this year and $8.4 million in 2010 despite being limited at the dish. While waiting for Lowrie to return to the field has been a slow death for the Sox, he’s cheaper than Wilson and gives the team a better overall player at the position (when he’s healthy, of course). Plus, Green has played well and Boston might be better served holding onto prospects in order to make a more productive move around the trade deadline (i.e. adding another bat in case David Oritz plans on hitting south of .200 all season) than one involving Wilson.

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According to a report by the Pittsburgh Post-Gazette, trade rumors between the Red Sox and Pirates involving shortstop Jack Wilson are starting to heat up. There is some hesitation, however, on the Pittsburgh’s behalf because the club doesn’t want to alienate its fan base by trading away another popular player as it did last week when they dealt Nate McLouth to the Braves.

While Boston would love to add a shortstop while Jed Lowrie continues to recover from a wrist injury, I don’t know if Wilson would be the right fit. While he’s excellent defensively, Wilson brings little to the table offensively and he’s grossly overpaid (he’s set to make $7.25 million this year and $8.4 million in 2010 with a club option buyout of $600,000).

Even though Lowrie is hurt, he should return at some point this year and he gives the Sox a better overall player at the position than Wilson does. Not to mention, Lowrie is also cheaper.

The problem is waiting for Lowrie to return. He’s been out since mid April and while Nick Green has filled in admirably, he doesn’t offer much long-term upside. The other issue is that with Lowrie out, there’s a possibility that Julio Lugo may continue to see the field and as all Sox fans know, that’s a tragedy.

Personally, I think Boston would be better off not making a move for Wilson. Lowrie offers the Sox the most upside at the position and while it may be painful waiting for him to return, they might be better off in the long run if they hold off on making any moves (at least at shortstop).