The is one of the most pulse-pounding days of the baseball season. Whilesome teams will look to add to their rosters in hopes to strengthen their playoff Jalin Marshall Jersey hopes, others are looking to unload players and plan for the future.The trade deadline is always good forbig, World Series-impacting moves each season, so here's everything to know about one of the biggest days in baseball.MORE: When is the 2018 MLB trade deadline?As usual, the trade deadline is set for July 31at 4 p.m. ET. After that, teams hoping to move aplayer would have to put him on waivers first.TRADE TRACKER: What to knowAny player under contract can be traded between the ending of the World Series and the July deadline. After the deadline, players must be put on Riley McCarron Jersey waivers before they are able to be traded. Once put on waivers, any team can claim that player: if multiple teams put in a claim the team with the worse record in the same league is Terrance Smith Jersey awarded the player. If no one from the same league puts in a claim the same rule applies to the other league.Once a claim is put in the waiving team has multiple options to move forward. They can work out a trade with the claiming team within two days of the claim, cancel the waiver Jeremy Hill Jersey and keep the player, or do nothing and let the claim go through.There is also theAug. 31 waiver deadline aplayer acquired after this date is ineligible to be on the team's postseason roster unle s they are replacing an injured player.Many times a "player to be named later" is included in deadline deals. This player is usually a minor leaguer and means that the two sides either haven't agreed to the specific player involved in Griffin Carter Jersey the deal or the player is ineligible to be traded yet. The player must be officially named within six months of the trade.Teams cannot trade draft picks but can purchase the right to Rule 5 Draft selections. Related Articles Oops! Worst in-season trades for every AL franchise