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Astros: Why Are MLB Teams Allowed to Trade After the Deadline?

The July 31 trade deadline has long since passed, yet several trades were completed in the first week of August. If there was a deadline, why are teams still making trades a week later?

For example, on August 7, the Cleveland Indians traded Michael Bourn and Nick Swisher to the Atlanta Braves for Chris Johnson. The next day, the Houston Astros announced they had acquired pitcher Oliver Perez from the Arizona Diamondbacks for minor league pitcher Junior Garcia.