It’s official, according to Jim Salisbury of CSNPhilly.com. Roy Halladay is a member of the Philadelphia Phillies and will be introduced at a 5 PM press conference. The Phillies are expected to announce his contract extension that will keep him in Philadelphia until 2013, as well as the news that they have traded Cliff Lee to the Seattle Mariners for three prospects.

Whew. Now we can all breathe a collective sigh of relief. The rumor mill can stop spinning, at least for a day.

The Phillies are expected to announce that Halladay has been acquired for minor leaguers Kyle Drabek, Michael Taylor and Travis d’Arnaud. Likewise, they are expected to announce that they have acquired pitching prospects Phillippe Aumont and J.C. Ramirez, as well as outfielder Tyson Gillies, from the Mariners.

The blogosphere went into an online frenzy around 2 PM Wednesday after it was learned that one of the players in the deal (as of this time it is unknown who) failed his physical. Shortly thereafter …