The deal would be a multi-year deal, according to Loney. It appears that the Pirates will have to turn to the trade market with Loney off the table. It will be interesting to see what he ended up signing for.
The top two trade options are Ike Davis and Mitch Moreland, although other options could be available like Justin Smoak and Adam Lind. Milwaukee and Pittsburgh are the two remaining teams looking for a first baseman.
UPDATE 5:29 PM: Ken Rosenthal says that Loney got 3 years, $21 M.
He had been asking for three years and $27-30 M. I figured the price would come down to $7-7.5 M per year. I wasn't sure if the Rays would be able to pay that. Even if the Pirates could match it, I'd imagine Loney would want to stay in Tampa....
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.