From a Rockies beat writer:

TroyRenck Troy Renck, Rockies
I know pomeranz and white are in deal if goes down. Don't know if mcbride replaces kipnis. Kipnis playing tonight
2 minutes ago
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TroyRenck Troy Renck, Rockies
RT @harding_at_mlb: Confirmed: Indians prospect Pomeranz was scratched today, OF-1B Matt McBride scratched. P Alex White scratched tomorrow.
3 minutes ago

White and pomeranz too much

Jiminez has been SCRATCHED!

SI_JonHeyman Jon Heyman
by MLBastian
ubaldo was scratched. looks like a deal. #rockies, #indians
7 minutes ago

TroyRenck Troy Renck, Rockies
Hearing deal is done
3 minutes ago

SI_JonHeyman Jon Heyman
source agreed indians are "the one'' for ubaldo. pomeranz, huge left prospect, a key to deal. alex white also reportedly in.
55 seconds ago

Sounds bad

TroyRenck Troy Renck, Rockies
Deal will involve pomeranz white mcbride. Waiting official announcement
1 minute ago

Ubaldo road ERA is 2.83.

MLBastian Jordan Bastian
According to @TroyRenck, Indians, Rockies have a deal in hand. Pomeranz, White, McBride for Jimenez per Denver Post report. No word from CLE
1 minute ago

If kenm says it's bad, it's probably good

TroyRenck Troy Renck, Rockies
While I am hearing deal done. It's not official yet. Have better idea in a few minutes if Ubaldo doesn't come out to warm up
2 minutes ago

TroyRenck Troy Renck, Rockies
Ubaldo still starting All I know is that esmil was told to be ready
3 minutes ago
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TroyRenck Troy Renck, Rockies
Ubaldo has not been officially scratched but I expect it. Esmil Rogers was pulled from running and told to be ready
5 minutes ago

White and McBride I'd do in a heartbeat. Throw in Weglarz and Kipnis.

Keep Pomegranate.

contract details(signed to 2009):

The Colorado Rockies and 25-year-old pitcher Ubaldo Jimenez agreed to a four-year deal, with two club options that leaves Jimenez under the control of the Rockies through 2014, the first year Jimenez would be eligible for free agency.

The deal is for $10 million over the first four years, and could reach $22.75 million if the options are picked up. Both years of the options contain a $1 million buyout.

Jimenez, who just completed his first full season in the big leagues, showed extreme promise. He has a fastball that is in the upper 90's, occasionally hitting 100 MPH. He is not just a flame thrower though, Jimenez has a knee buckling breaking ball when it is on.

The Rockies targeted a long-term deal for Jimenez a year after signing Aaron Cook, Troy Tulowitzki, Manny Corpas, and Brad Hawpe to similar deals that took them into their free agency years.

The deal is somewhat of a risk for both parties, but a calculated risk. For the Rockies, Jimenez, who went 12-12 with a 3.99 ERA in his first full season in Major League Baseball, could do what many prospects in the past have done and put up pedestrian numbers. Also, the team has to figure in the potential of a hard-throwing pitcher getting hurt.

As far a Jimenez goes, he is giving up his three arbitration years and potentially one year of free agency, where, if he continues to develop, could put him in position to get a huge paycheck from a large market team.

For both sides though, it allows a sense of security. The team has a guaranteed dollar amount that they will be paying Jimenez for at least four years, potentially saving millions if Jimenez turns into the pitcher they think he will develop into. For Jimenez, it guards against injury, or lack of productivity, and gives him security for the future, regardless of performance.

MLBastian Jordan Bastian
@
@JeffPassan I don't like including both top pitching prospects in the deal. I don't mind parting with one of Pom or White, but both?
3 minutes ago