The Phillies placed Cliff Lee on trade waivers, according to a report by Yahoo! Sports, merely standard procedure this time of year. Most teams place a majority of their players on waivers after Aug. 1 regardless if they intend on trading them or not.

Lee is likely to go unclaimed because he is owed approximately $95 million through 2015. If a team claims him, the Phillies can negotiate a trade with that team or simply transfer his contract to them. It's highly doubtful anyone claims Lee for risk of inheriting a massive commitment.