The Angels & Pirates have reached the following agreement:
Angels receive:
Johnny Damon $5.5 (2010)
Pirates receive:
Derrek Lee $13.0 (2010) $3.0 paid by Cubs
Pick 3-8 from Angels, from Cubs in 2010
Pick 5-25 from Angels in 2010
The Angels accept this trade to move a bit more salary, and knowing that Lee, like Morales, will be expecting a good pay day come 2011, and the Angels outfield situation is stable, for the time being. The picks compensate for the $4.5 saved by the Angels. Waiting on Pirates to confirm.
EDIT: I (Colby) fixed the typo in Lee's name.