UPDATE II: It's Kyle Smit, not Smith and Brett Wallach, not Walch. I interpreted Smit's name as an abbreviation and Walch as the entire name . . . got those two mixed up.
UPDATE: Jayson Stark is saying the Cubs will, along with Blake DeWitt, receive minor leaguers Brett Walch & Kyle Smith, and the Cubs will pay $2.5 million of Lilly's remaining $4 million in salary. I feel it's my duty to pretend to care, and I'll update when I muster up enough feigned emotion to do so.
About a million people are tweeting that the Cubs and Dodgers have completed a deal sending Lilly and Theriot to LA in exchange for infielder Blake DeWitt and prospects. I'll update when it becomes officially official.