No Xander Bogaerts? That's fine, but you don't get Cliff Lee. Trading one of the top-five pitchers in baseball for anything less than a package that perfectly meets your needs just doesn't make sense, and Ruben Amaro Jr. was smart not to bend to Boston's will.
Based on what the Red Sox gave up to get Jake Peavy, it is my assumption that Boston was willing to trade the Phillies Jose Iglesias, Jackie Bradley Jr. and a pitcher for Lee. That is a nice package, but just not enough, especially when you consider that the Phils already have young pieces at SS and CF in Freddy Galvis and Ben Revere.
No, Galvis is not a sure-thing to start at short in the majors, but Iglesias is a very similar player with a better bat. He's the .280-hitting version of Galvis.
What if the Red Sox were willing to sub Iglesias out of the proposed proposal for Will Middlebrooks or third base prospect Garin Cecchini? Again, it's tough to take that package because 3B is the one other position the Phillis are well-stocked, with Cody Asche and Maikel Franco. If you're trading Lee, you need either huge upside (Bogaerts) or pieces you don't have to fill holes on an aging roster.
Boston was never trading Bogaerts and that makes sense. People who have watched a lot of him say he's Manny Machado with more power and less glove. It would have been a dream come true for the Phillies to acquire him, but the Red Sox made a better business decision acquiring Jake Peavy without selling the farm.
Now that the Red Sox are out of the running for Lee, it is very unlikely he's moved today. But the wild card in all of this is the Cardinals, who have the prospects to land Lee and the need for that one extra piece to get them over the hump. The Cardinals could very well ride Lee to several World Series. So, as they did with the Red Sox, the Phillies better demand the Cards' top prospect for him. That would be outfielder Oscar Taveras.
Before you scoff at the notion, consider that it is a very similar proposition to the James Shields-Wil Myers deal from the offseason. There is a precedent for it. You want Lee, you have to cave. It's as simple as that. If not, the Phillies should be comfortable keeping him until at least the offseason, deciding then whether keeping him or trading him is the way to go.