Astros, Phillies Reach Oswalt Agreement; Approval Needed
By Tim Dierkes [July 29 at 1:08am CST]
The Astros and Phillies have reached an agreement on a Roy Oswalt trade, reports Mark Berman of FOX 26 in Houston. Berman says the Astros are now waiting for Oswalt's approval, having hammered out the players and money with the Phils. Wednesday morning, Ken Rosenthal of FOX Sports had reported that the players were "pretty much agreed on." Lefty J.A. Happ has been a rumored part of the deal for a while now.
Oswalt's contract has $5.46MM left from his $15MM salary this year, $16MM in 2011, and a 2012 option for $16MM with a $2MM buyout. It remains to be seen how the Astros and Phillies settled the financials and whether the Phils will pick up Oswalt's option.