Last week, we took a look at each AL and NL club’s arsenal of minor-league prospects, with which they could pursue coveted established big leaguers at the deadline. A number of transactions have been made since then, so an update would be useful in advance of the anticipated storm of moves likely to take place before the sands run out of the hourglass on Friday. Which teams are best positioned to acquire the remaining plums on the market?

As we did last week, we’ll rank the 30 minor-league systems based upon my midseason position-player and starting-pitcher rankings. If you aren’t familiar with my minor-league lists, here is a brief refresher. They aren’t pure top-prospect lists; they basically serve as follow lists, after which traditional scouting methods are used to tweak the order. Qualification for my lists are based upon a combination of performance and age relative to league/level. The younger a prospect is at each level, the less production is required to get him onto the list. At level-specific “optimal ages” (22 at AAA, 21 at AA, 20 at High-A, 19 at Low-A), a player qualifies regardless of performance. At level-specific, much older ages (26 at AAA, 25 at AA, 24 at High-A, 23 at Low-A), you can’t qualify for the list no matter how loud your performance. Only full-season league prospects are considered.

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The headline isn’t the way the Marlins would put it. It’s not the only way to interpret Wednesday’s trade — it’s just one way to do so. The Dodgers, who’ve been in the market for rotation help, convinced the Marlins to sell them Mat Latos. The price for Los Angeles: accepting, along with Latos, Michael Morse. To soften that blow, the Marlins have thrown in a competitive-balance draft pick, to be made after the end of the first round. Now, technically, the Dodgers are sending the Marlins three minor-league pitchers. So it’s not a pure sale, and we don’t know who those players are, so maybe a conclusion shouldn’t be jumped to, but this one feels pretty safe. Those pitchers are presumably the equivalent of nothing. They won’t be as valuable as the player that draft pick turns into. The Marlins sold an asset at the deadline, and they’re the ones effectively losing the best prospect.

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The market has moved forward as we approach the trading deadline, but its shape is still difficult to make out, especially in terms of hitters. We have seen the mega-deal, with franchise cornerstone Troy Tulowitzki moving from the Colorado Rockies to the Toronto Blue Jays. We have seen the rental, with Ben Zobrist helping the already strong Kansas City Royals. There appear to be solid outfielders remaining on the market, including Justin Upton, Yoenis Cespedes, and Gerardo Parra all available as rentals. Even so, it still looks to be a sellers’ market on the hitting side. The Cincinnati Reds and Colorado Rockies are in a decent position to move two hitters, neither of whom are rentals nor franchise cornerstones. Jay Bruce and Carlos Gonzalez are remarkably similar players and both could provide a jolt of offense for a team needing help this season and in the future.

Both Bruce and Gonzalez were called up to majors in 2008, and while Gonzalez has played some center field, both are good-hitting corner outfielders. Both are left-handed hitters with platoon splits that make them just good enough to hit everyday. Both have contracts lasting potentially through 2017, with Bruce carrying a reasonable $13 million team option in 2017 after a $12.5 million salary in 2016 and Gonzalez owed $37 million over the next two years. In addition to being cheaper, Bruce is also slightly younger, at 28, compared to the 29-year-old Gonzalez. In Gonzalez’s favor is slightly better production over the course of their respective careers. Their career lines are below.

Even factoring in Coors Field, Gonzalez has been the better hitter than Bruce, who plays in a decent hitters’ park himself. The pair have both been adequate on defense while losing some overall value due to the negative positional adjustment produced by a corner-outfield spot. Gonzalez has been the better runner, as well, but Bruce has closed the gap in overall value by staying healthy and recording nearly 1,000 more plate appearances than Gonzalez. They have accumulated their WAR in a very similar manner, though, both breaking out in 2010 and having very good years in 2013 before experiencing major struggles last season. Their cumulative WAR chart below is remarkable for the singular progression between the two players.

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Note: this edition of the Five contains new restrictions regarding eligibility for inclusion. Any player is excluded from eligibility whose name has appeared among the midseason prospect lists of Baseball America, Keith Law, or John Sickels.

The Fringe Five is a weekly regular-season exercise, introduced a couple years ago by the present author, wherein that same author utilizes regressed stats, scouting reports, and also his own fallible intuition to identify and/or continue monitoring the most compelling fringe prospects in all of baseball.

Central to the exercise, of course, is a definition of the word fringe, a term which possesses different connotations for different sorts of readers. For the purposes of the column this year, a fringe prospect (and therefore one eligible for inclusion in the Five) is any rookie-eligible player at High-A or above both (a) absent from the most current iteration of Kiley McDaniel’s top-200 prospect list and (b) absent from the midseason prospect lists produced by Baseball America, Keith Law, and John Sickels, and also (c) not currently playing in the majors. Players appearing on any of McDaniel’s updated prospect lists or, otherwise, selected in the first round of the current season’s amateur draft will also be excluded from eligibility.

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This is the second installment in an occasional series examining baseball’s antitrust exemption. The first piece in the series looked at the historical evolution of the exemption, and in particular the U.S. Supreme Court’s evolving justification for baseball’s antitrust immunity. A future, final post will consider the practical impact that the exemption has had on Major League Baseball’s operations.

While many fans are aware that baseball is generally exempt from antitrust law, fewer realize that courts have adopted widely divergent views regarding the extent to which MLB’s operations are actually shielded from the law. For instance, just because MLB is generally immune from antitrust law does not mean that a court would necessarily give the league free reign to engage in anti-competitive practices in areas completely unrelated to professional baseball (such as if, for example, MLB Advanced Media — the league’s digital content distribution company — were to enter into a price-fixing scheme with other non-sports-related, Internet-streaming-video service providers).

Courts have traditionally disagreed regarding where to draw the line between MLB’s exempt and non-exempt conduct, and thus are deeply divided over the extent to which they will allow antitrust lawsuits to proceed against MLB. As a practical matter, then, anyone wishing to sue MLB under antitrust law may be able to do so – despite the league’s antitrust exemption – so long as they file their case in the right court.

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