6:07pm: Hubbuch clears up some confusion: the Braves are sending the Mets cash in the deal. That makes more sense given the difference in salaries.
5:48pm: Adam Rubin of The NY Daily News reports that Braves also received cash in the deal. Church is making $2.8MM this year, his second arbitration eligible season. Francoeur is making $3.375MM in his first arbitration eligible year.
5:04pm: Hubbuch says the deal was straight up, one for one.
5:01pm: David Lennon tweets that Church was traded to Atlanta for Jeff Francoeur. Francoeur has put up a .250-.282-.352 batting line in 324 plate appearances in 2009.
5:00pm: Bart Hubbuch of The NY Post tweets that the Ryan Church has "apparently been traded." Church is hitting .280-.332-.375 in 255 plate appearances this season, and has been playing centerfield recently while Carlos Beltran is the DL.