It's been deathly silent on the Phil Hughes market for at least a week now, but things are finally heating up in the final hours before the deadline.
Bob Nightengale first reported that the Yankees had started receiving offers for Hughes a little while ago. Chris Cotillo has followed up on that by reporting that 2 offers are in already and the Yankees are working to make a move. There's only a few hours left before the deadline, so if something happens it'll have to come together very quickly. More on this story as it develops.
** UPDATE 2:43 PM- Joel Sherman reporting that the Braves talked to the Yankees about Hughes but a deal is unlikely in these final minutes. **
** UPDATE 3:17 PM- That's it. Nothing. No moves for Hughes or Michael Young, who was also a hot rumored name in the final few hours. Yankees will stand pat with Soriano and their returning players. Cash scheduled to address the media in a few minutes. **