Can someone explain to me how this works? Is the player decided upon, but not named yet? Is it just a future draft pick?

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Fare you well, fare you well
I love you more than words can tell
Listen to the river sing sweet songs
To rock my soul

Sometimes, the player might be injured or something, and they have to wait until he gets off the IL before he can be traded or announced in a trade. That's one reason it's a player to be named later.

They make a list of players they can choose from. Gives them a little more time to do some additional scouting. I believe it's betwen Taylor Green and Lorenzo Cain in the Sabbathia deal.

670 "The SCORE's" Steve Stone mentioned on "Mully & Hanley" this morning that the "player to be named" is the Brewers' J.J. Hardy in the C.C. Sabathia trade. As far as I know, "players to be named" have to be on the 40 man roster, and "Stoney" thinks Hardy is the one headed to Progressive (Formerly Jacobs) Field, probably after the All-Star Break.

If the player to be named later has to be on the 40 man roster, then there have been a lot of deals done that have broken that rule. A lot of player to be named later turn out to be minor league guys.

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"He is a loathsome, offensive brute
--yet I can't look away."

So the Brewers are upgrading from a J.J. to a C.C.

Shark, all of your posts seem strangely "odd" to me. Not "odd" in a subjective way, but "odd" in a structural way.
Do you have an explanation for this "oddity"? I don't know if I can sleep until I have an explanation.
Please help me.

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We all have private ails. The troublemakers are they who need public cures for their private ails.- Eric Hoffer

Really? Huh. Why would they have to wait for Hardy to be named? I just read that it's between Taylor Green and Michael Brantley. Hardy has been on the market but I would be shocked if he goes as part of this deal.

I think PTBNL have to occur within a year of the deal so if it was Hardy, it would happen after the season.