According to a report from Cubs.com, Rich Hill was officially traded on Monday to the Orioles for a player to be named later. The trade was reportedly agreed upon last week and the hold up on announcing the trade was Baltimore clearing a roster spot for Hill.
The trade opens a spot on the Cubs 40-man roster, which stands at 39 after dealing Rich Hill.
The player the Cubs will receive will reportedly be performance based. Rich Hill is out of options and will have to make the Orioles 25-man roster out of Spring Training.