The Phillies get Roy Halladay, who will take a physical today, according to Ed Price, and $6MM from the Jays. They also get Phillippe Aumont, Tyson Gillies and Juan Ramirez from the M’s. (Ryan Divish of the Tacoma News Tribune confirmed that Ramirez is headed to Philly.)
Halladay will also agree to a three-year extension that will pay him about $20MM annually through 2013, according to Stark. The extension won’t affect his 2010 salary ($15.75MM) and will include a vesting option.
The Mariners get Cliff Lee from the Phils and they could be getting more.
The Blue Jays get pitcher Kyle Drabek, outfielder Michael Taylor and catcher Travis D’Arnaud from the Phils.

Stay tuned throughout the day – we will try our hardest to have all the updates for you.