Every year there is a ton of hype surrounding the trade deadline, but the big misconception is that teams can no longer make trades after 4:00 PM on July 31st. Teams can, in fact, make trades after the July 31st deadline. It's just not as simple.
The big advantage to making deals prior to the July 31st deadline is that there are no restrictions on deals that can be made. Teams can trade with any other team, and for that reason, teams can try to maximize the value of the return for their players on the market by selling to the top bidder. That luxury is removed after the July 31st trade deadline. Teams are limited to making deals based on the waiver system, and the numerous scenarios that make it difficult to deal in August. Before I list some of those scenarios, let me first explain how trades work in the month of August.
August trades are made through revokable waivers. Any player on the 40-man roster can be placed on revokable waivers. If the player clears wa...
Tim is the owner and editor in chief of Pirates Prospects. He started the site in January 2009, and turned it into his full time job during the 2011 season. Prior to starting Pirates Prospects, Tim worked with AccuScore.com, providing MLB, NHL, and NFL coverage to various national media outlets, including ESPN Insider, USA Today, Yahoo Sports, and the Wall Street Journal. He also writes the annual Prospect Guide, which is sold through the site. Tim lives in Bradenton, where he provides live coverage all year of Spring Training, mini camp, instructs, the Bradenton Marauders, and the GCL Pirates.