Buster Olney reports that James Loney is on the verge of a deal with the Tampa Bay Rays.

https://twitter.com/Buster_ESPN/status/411621525138460672

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.

https://twitter.com/Ken_Rosenthal/status/411623728427319296

He had been asking for three years and $27-30 M. I figured the price would come dow...

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