If that's what you're saying after hearing rumors of trades, then you should check out--again, I can't believe I'm saying this--Jayson Starks Waiver Deals 101 column on ESPN.com. July 31st is the last day teams can trade players without those players first clearing waivers; but August 31st is the last day for teams to trade players at all, as well as the last day to set their post-season roster, making a trade after that date pointless anyway.
For a more general explanation on the rules of rosters and transactions, see the ever-useful Rob Neyer Transaction Primer.
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