However, Price says he still needs to confirm the story, but according to his source the deal is done.
Update 3:45 ET: Gordon Edes of Yahoo Sports says the Dodgers are close to acquiring Sherrill for prospects Scott Elbert and Josh Bell.
Update 3:50 ET: Ken Gurnick of MLB.com says the Dodgers are getting Sherrill for Bell and right-handed pitcher Steve Johnson. Conflicting reports, so we'll have to see which one comes to fruition, but the Bell/Johnson seems more realistic.
Update 4:10 ET: Ed Price of AOL FanHouse confirms that the Dodgers acquired Sherrill, and he appears to agree with the MLB.com report that suggests it was for Johnson and Bell.
Quick look at the prospects:
Johnson began the year in Single-A going 8-4 in 16 starts, while posting a 3.82 ERA, and striking out 102 in 96.2 innings pitched. Following that he made the jump to Double-A where he's had two starts going 1-1, and recording 15 strikeouts in only 10.2 innings. John Sickels of Minor League Ball doesn't rate Johnson as one of the teams' top 20 prospects, but he does list him among others to watch.
Bell also plays for the Dodgers Double-A affiliate Chattanooga, and has batted .296 with 11 homers and 56 RBI's in 334 at bats. Sickels grades Bell as a C+ prospect, and has him ranked as the teams 10th best prospect. Sickels says "Making progress, but reports about weight are disturbing and he might not hit enough for first base."