Stephanie Storm, in a post on her blog, speculates that the reason for Laffey's continued unknown whereabouts is that the Indians are simply waiting to see if Fernando Cabrera clears waivers:

So what's taking so long? If the Indians didn't start the process with Cabrerra until Monday, they have to wait until the end of Wednesday to see if he was claimed or can be sent to Buffalo to begin the rebuilding process.

Makes a lot of sense, doesn't it? It could be that the FO figured Cabrera would be claimed right away, but it didn't happen, and now they simply have to wait out the full 48 or 72 hours (I forget how long the waiver period is) before they make the move.

Note also that this could actually be happening with Stanford, not Cabrera, as they're both in the same situation (IE, out of options and not really making themselves useful on the 25-man).

The hidden good news here could be that we get to keep whichever of those pitchers is on waivers, which I think we all thought we'd lose.