Cubs Trade Matt Garza to Texas for Mike Olt, RHP Justin Grimm, RHP C.J. Edwards and Two PTBNL

According to multiple reports on Monday afternoon, the Cubs have traded Matt Garza to the Texas Rangers for 3B Mike Olt, RHP Justin Grimm, RHP C.J. Edwards and two players to be named later. The deal is not official and is pending physicals.

The Cubs have not announced the trade but have announced that Chris Rusin will be recalled and start on Monday night against the Diamondbacks.

With the additions of Justin Grimm and Mike Olt, the Cubs 40-man roster will stand at 40 players once the trade is made official.

The Cubs announced the trade at 6:15pm CDT – The Cubs acquired Mike Olt, Justin Grimm, C.J. Edwards and two players to be named later for Matt Garza. Olt and Grimm have been assigned to Triple-A Iowa and Edwards has been sent to Daytona.

Mike Olt and C.J. Edwards are thought to be the headliners of this deal. Olt has struggled this season after being seen as one of the top prospects in the game a year ago. Olt was hit in the head playing Winter Ball and suffered a concussion. Olt has been dealing with vision issues this season that have led to a down year. Olt did hit a pair of three-run homers against the Iowa Cubs over the weekend.

Mike Olt is 24 years old and hit .213/.317/.422/.739 in 65 games with Triple-A Round Rock. Olt hit 15 doubles with 11 home run.

Mike Olt’s Page on Baseball-Reference

C.J. Edwards is 21 years old. The right-handed pitcher has put up very good numbers in A-ball this season. In 93 1/3 innings, Edwards has struck out 122 batters with only 34 walks and 62 hits allowed.

C.J. Edwards’ Page on Baseball-Reference

Justin Grimm is seen as a fourth or fifth starter in a big league rotation but needs time to develop. Grimm was 7-7 in 17 starts for the Rangers with a 6.37 ERA and a 1.65 WHIP. Grimm allowed 116 hits with 31 walks and 68 strikeouts in 89 innings. Grimm left his start on July 12 with right forearm stiffness but did not land on the DL.

Justin Grimm’s Page on Baseball-Reference

The Cubs will also receive a player to be named later in the trade. The list of players agreed upon by both teams is believed to include RHP Neil Ramirez.

From all indications this trade is done. Multiple outlets are reporting the trade.

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  • CubbyDenCritic

    Good day of work for Theo & Jed…….

    Olt hitting over 400 since his eye medical issue was fixed……

    Edwards could be the next “Pedro Martinez”…..

    Now that Garza is gone, can we start the Samardzija trade rumors?……….

    Oakland A’s will be without Colon due to the PEDS…..maybe they will give Theo a nice haul in prospects for Samrdzija!…….

    Four prospects for Garza…..I say this will be one of the greatest trades in Cubs rebuilding process.

    .

    • cubtex

      Where did you determine that Olt has ben hitting .400 since his eye issue? I have a feeling that he could really bounce back and I like that gamble. Easy with comparing Edwards with Pedro. LOL. He is in A ball so lets slow down a bit. Hopefully the PTBNL is a usefull piece.

      • Ripsnorter1

        You have to give JHendry credit for a good trade when he spent the five prospects for Garza. Sam Fuld, thus far, has been the best one at the ML level.

        Now getting five prospects back means it was a sweet deal.

        • 07GreyDigger

          Sam Fuld huh? So Chris Archer’s 6-6 record with 3.38 ERA, 1.193 WHIP and 77 K in 88 IP is crap compared to Sam Fuld’s .234 average.

          • Ripsnorter1

            You are right. I should have double checked his record. I didn’t think he had that many starts.

            He was the only one I would have hesitated to give up to get Garza. But you have to give up something to get something.

      • Ripsnorter1

        Give him a break, Cubtex. He was close when he said he was hitting .400 since he came back. Olt hit:
        .139 in April

        .255 June

        .232 in July.

        Very close to .400.

        Here’s his splits:
        vs. RHP….171 BA, slug .349
        vs. LHP….286….548 slug

        When he’s behind in the count, he’s hitting .117. He’s hitting .317 when he’s ahead in the count.

        With runners on, he’s hitting .202. RISP he’s close to .400 at .194.

        Here’s the link to see for yourselves:
        http://www.milb.com/milb/stats/stats.jsp?pos=&sid=t102&t=p_pbp&pid=592609

  • matthew8510

    9:40pm (C. Rusin – L)
    @ Diamondbacks (T. Skaggs – L)
    1. Junior Lake (R) CF
    2. Starlin Castro (R) SS
    3. Anthony Rizzo (L) 1B
    4. Alfonso Soriano (R) LF
    5. Cody Ransom (R) 3B
    6. Dioner Navarro (S) C
    7. Cole Gillespie (R) RF
    8. Darwin Barney (R) 2B
    9. Chris Rusin (L) P

    • J Daniel

      I like Lake and Castro at the top. I know Castro has a low obp but seems to me to be the spot he has had the most success in. Barney is where he belongs in the 8 spot. Hopefully as Rizzo gains more experience he can grow into the 3 spot but would be an excellent #6.

  • http://chicagocubsonline.com/ Neil

    Cubs acquired two players to be named later in the deal

    • J Daniel

      Really got to like that. Kap just said that it was protection in case of Olt?

      • Ripsnorter1

        Both are pitchers, but one is conditional. So they might have only 1 PTBNL.

  • oldanddisgusted

    Ryan Braun suspended for the rest of the season. PEDs. ARod next?

    • BosephHeyden

      Braun did this to save his own skin and to make sure he could play next year. Had Biogenesis never got busted, he never would have felt bad about getting away with all of this last year, so I have no sympathy for him.

      BUT, I appreciate that his plea bargain pretty much kills any attempt to discredit the founder of Biogenesis, because Braun pretty much just admitted he was right about everything. The evidence they have against A-Rod is much more damning, and Braun just chopped the legs right out from under one of the biggest cheaters of this decade. So for that, I can respect him just a bit.

      • 07GreyDigger

        Respect. Right. Braun who killed the career of the pee collector and called out everyone who called him a liar (when he was a liar). He demands respect. Just like Lance Armstrong.

        • BosephHeyden

          That’s why I used the “just a bit” descriptor. I don’t like him one bit. As far as I’m concerned, his entire career just became a giant *. But, because he confessed, everyone involved in Biogenesis is screwed, because Braun just vindicated all that evidence.

          Also, that little bit of respect I had disappeared when he ran from the media this afternoon. So he’s right back to being a scumbag I have zero respect for.

  • Thomas D

    Well looking at the statistics since olt got bean again on july 7, this includes that game he has been hitting .326 so maybe when he got beaned again it fixed the problem with him. Let’s hope anyways.

  • MikeT_2008

    Got to think Gregg is next before he losses all his value.

  • GaryLeeT

    I hope Olt joins the the big league club sooner rather than later. It could help ad some interest to a team that is playing out the string.

    • http://theboardridersuite.wordpress.com/ Theboardrider

      I was thinking the same thing. If he plays consistently at AAA bring him up for a taste.

      With he and Bryant suddenly we have two of the top 3rd base prospects in the game! If I remember Bryant can play the outfield. Would be nice if they both pan out. Soler in right, Almora in center and Bryant in left?

      Good day for Thoyer. Especially if Ramirez is healthy. Two PTBNL’s? I wonder who the other may be?

  • JasonOfTheBurbs

    I wish we could have locked Garza up, but I am glad they at least traded him for what seems like a decent enough haul. I won’t accept any excuses relating to cost, as the Cubs have money to burn. However, if a NTC was the reason for not extending him, then I can understand that.
    Let’s see if Gregg, Russell, Soriano, Nate, or even Shark wind up getting traded as well.
    Tom U will be the busiest guy on the planet with this overflowing farm system.

    • Tom U

      I like it like that

      • TrevorPetersma

        And many thanks for keeping us abreast of the farm system so well. I’ll admit before frequenting this site I was pretty clueless about the Cubs minor league teams unless it was here in Des Moines. Two thumbs up!

  • Tom U

    Although some may say it is not enough for a player selected third overall, the Cubs can get a lot of mileage out of Vitters as a “four corners” (3B, 1B, LF, RF) reserve.

    • JasonOfTheBurbs

      agreed.
      It often seems that teams don’t hold onto the can’t-miss-prospects as utility/backup players. Perhaps the reasoning is the ego of the player can’t handle the reduced expectations and just needs a “fresh start” or perhaps mgmt. doesn’t want the constant reminder that their scouting/projections were a bit off.
      Either way, I think the Darwin Barneys of the world would make great backup utility players…but it seems as if he can’t hack it as a starter the consensus is to trade him or let him go, etc…

    • cubtex

      agreed. The Cubs need a RH compliment to Rizzo in the worst way. Rizzo should not play against all left handers and you can use a player like Vitters to spell LF and RF like you say.

      • J Daniel

        Maybe, but to be one of the best you have to grow into it and be able to go against anyone.

    • http://theboardridersuite.wordpress.com/ Theboardrider

      Tom what is your hunch? You think the FO plans on Olt and Bryant both sticking long term? Or willl we rehab Olt’s standing and flip him for pitching?

    • Ripsnorter1

      If he can have a five year career, and be worth 2.0 WAR over that time, you at least got something.

      Right now we have nothing.

  • WidespreadHisPanic

    What are the chances Garza comes back next season w/ the Cubs? Would the FO throw their money down?

    • cubtex

      Slim and none. I know many people hope that but it won’t happen. Rangers will try and sign him

      • http://chicagocubsonline.com/ Neil

        I agree. Slim at best. Garza is going to want a big pay day and with his injury history, I just do not see it.

        I enjoyed watching him pitch and he will be missed. With that said, I do not see a way he re-signs with the Cubs.

    • John_CC

      Not happenin man. If the cubs were willing to give him 4 and 60$M or whatever he wants he would have been extended!

      And he plays for a winner like Texas and most likely makes the playoffs, why in hell would he want to come back to the cubs to hope that its finally the year?

      • SirGladiator

        That’s actually an easy answer. We didn’t need Garza the rest of this year, so we rented him out for a huge haul. We need him next year, so we re-sign him for the 4/60. That’s why we wouldn’t do it this year even if we wanted to re-sign him, but we would in the off-season. As for why Garza would want to come back to Chicago, because its a million times better place to pitch than Texas, and because with Garza and all the other awesome talent we’ve been getting, we could be a better team than Texas next year, and certainly could have a much better 4 year stretch than Texas. So plenty of good reasons for us to bring him back, and for him to want to come back.

        • John_CC

          You’re right, your answer is a lot more complicated.

  • Dorasaga

    FYI (repost of what I excerpted from the last News Break webpage here):

    “The Boston Red Sox made a strong push to sign Grimm out of high school – he slid to the 13th round due to signability concerns… Working with professional coaches has helped unlock some of Grimm’s potential and he reached the majors in just his second pro season… He backs up his fastball with an above-average curveball and a solid changeup.. His above-average control helps his stuff play up and he has the ceiling of a No. 3 or a No. 4 starter.”

    “[Olt] ‘has easy power. The ball jumps off his bat and has a different sound than many hitters’… Olt isn’t afraid to take walks but he strikes out a lot, which will drag down his batting average. He struggles with pitch recognition at times and his swing can get long. He has a chance to be a .260 hitter with 20 home runs and above-average defense at third base.”

    http://www.fangraphs.com/blogs/texas-rangers-top-15-prospects-2012-13/

    • Dorasaga

      Neil, Grimm looks like a #3 on this Cubs rotation.

  • JasonPen

    Can someone commission an artist to go ahead and start drafting plans for the Theo Epstein sculpture? We may need it here pretty soon.

    • Dorasaga

      Is that ad hominem?

      • JasonPen

        Nope, I was kind of joking, but I really am impressed with the additions he has been making. I’m finally becoming an optimist when it comes to the Cubs’ future World Series hopes.