FRIDAY, 12:57pm: The Dodgers will obtain Ely and Link to complete the deal, tweets MLB.com's Scott Merkin.
TUESDAY, 11:44am: The Dodgers will choose two pitchers from a list of arms that could contribute in the majors next year, according to ESPN.com's Jayson Stark. The teams will complete the trade on or before January 7th, 2010, according to a Dodgers press release.
11:31am: The Dodgers have officially announced the deal, according to Hernandez. Jon Paul Morosi of FOX Sports hears that John Ely and Jon Link are heading to the Dodgers. The Tigers and Pirates also had interest in Pierre, according to Morosi.
10:43am: The White Sox will pay $3MM of Pierre's salary in 2010 and $5MM of it in 2011, according to ESPN.com's Buster Olney. That means the Dodgers will pay the remaining $10.5MM.
10:28am: Dylan Hernandez of the LA Times says the Dodgers will acquire two players to be named later.
9:52am: The White Sox acquired Juan Pierre from the Dodgers for two minor league pitchers, according to Yahoo's Tim Brown (and confirmed by Ken Rosenthal). The Dodgers will take on roughly half of Pierre's salary. The outfielder has $18.5MM remaining on his deal ($10MM next year and $8.5MM in 2011), so the Dodgers are taking on about $9MM.
Pierre, 32, hit .308/.365/.392 in 425 plate appearances for the Dodgers last year. He stole 30 bases and played well in the outfield, according to UZR (though we don't want to draw sweeping conclusions from 750 innings of work).
The White Sox had shown interest in Scott Podsednik and Brett Gardner, but they appear set with their new addition. If Pierre performs close to last year's levels, the White Sox will have themselves a bargain (depending on the pitchers they give up).