The all-time career saves leader has been claimed on waivers, but that doesn’t mean that Milwaukee Brewers reliever Trevor Hoffman is on his way out of town.

Bet 2009 World Series

While Milwaukee GM Doug Melvin isn’t saying what team claimed Hoffman, there’s wide speculation that it’s the San Francisco Giants, who could use a boost for their pen.

Even if it was the Giants, no deal is imminent.

Milwaukee can work out a deal to trade Hoffman to the club that claimed him, assign him to that team for no compensation or pull him back off waivers. If Hoffman is pulled back, the Brewers can't trade him for the rest of the season.

The Brewers appear to have interest in re-signing their closer next season. Hoffman is 1-1 with a 1.85 ERA this year, converting 27 saves in 29 chances. He had a major league-record 581 saves going into Friday night's game.

With the Giants still very much in contention for the NL Wild Card, oddsmakers from online sports book SBGGLOBAL currently list their odds to win the 2009 World Series at 20/1. San Fran’s odds to win the NLCS is currently 9/1.

Bet 2009 World Series Odds

Posted: 8/28/09 9:40PM ET