According to WEEI's Alex Speier, the Red Sox have traded Manny Delcarmen and cash to the Colorado Rockies in return for pitching prospect Chris Balcom-Miller.
Here is Balcom-Miller's Baseball-Reference page.
The Manny D era is over in Boston and it's sort of sad. Everyone wanted to see Run MDC -- the local boy -- grow into a great reliever, but the Red Sox never saw any consistency out of him from season to season.
As far as Balcom-Miller is concerned, he is a 21-year-old righty who is pitching well at the A level this season. He has racked up 117 strikeouts to 19 walks in 108.2 innings of work.