An early morning report from a Houston television station reported that the Phillies and Astros have agreed on a deal in which right-hander Roy Oswalt would become a Phillie if he agrees to waive his no-trade clause.
Citing league sources, the Astros have approached Oswalt about the trade and are awaiting his response. Additionally, the report says the teams have agreed on how much of Oswalt's remaining contract will be paid by Houston. The report indicates that Phillies lefty pitcher J.A. Happ is a part of the deal, but no other prospects were mentioned. Oswalt is owed approximately $5 million this season and is signed for $16 million next season in the last year of his deal. Plus, there's a club option for 2012 that could pay Oswalt another $16 million or a $2 million buyout. Oswalt is 6-12 with a 3.42 ERA, but like Roy Halladay, hasn't benefited from much run support with the struggling Astros. - CSNPhilly.com
Beerleaguers weigh in: "The Phils lower farms level have taken a huge step forward this year. If Singleton/Cosart/Colvin and the rest of the low-A all-stars had developed a year earlier, would the Phils have traded Lee to reseed the farm? There's obviously a connection between the Lee deal and the Oswalt deal, and payroll, while a mystery to us, has to be an issue 2011-2012. But there is a difference between 1 year of Lee and 1.5-2.5 years of Oswalt. Oswalt's contract, while a risk, may already be below market value (look at Lackey's deal), and you simply won't find a pitcher of his quality willing to sign a 1 or 2 year contract for $16M/yr this offseason. It really is all about what the Phils give up to me with the caveat that I have no idea what future's payroll will be." - Sophist