According to Ken Rosenthal at Foxsports.com, the Phillies acquired Cliff Lee and Ben Francisco for Class A right-hander Jason Knapp, Class AAA right-hander Carlos Carrasco, shortstop Jason Donald and catcher Lou Marson
The trade isn't official yet, it is pending physical exams.
Even though Lee isn't Halladay, Lee is the reigning Cy Young Award winner. The most important thing for the Phillies was they didn't have to give up pitcher Kyle Drabek, pitcher J.A. Happ or outfielders Dominic Brown and Michael Taylor.
Listen to Cliff Lee on Jody Mac on ESPN 950