Report: Oswalt agrees to waive no-trade clause

Baseball Betting Lines

07/29/2010 - Philadelphia, PA (Sportsbook Betting Lines) - Houston's Roy Oswalt has agreed to waive his no-trade clause, according to multiple media reports, and will be dealt from the Astros to the Philadelphia Phillies.

Comcast SportsNet in Philadelphia cited a person closely involved with the negotiations in reporting Oswalt's decision. The report said in addition to Oswalt, the Phillies will receive cash, while sending pitcher J.A. Happ and two prospects to Houston.

The Philadelphia Inquirer, which also reported that Oswalt approved the deal according to a baseball source, said that minor league outfielder Anthony Gose is also part of the package the Phillies will send the Astros.

Oswalt is owed approximately $5 million for the remainder of this season. He's due to make $16 million next season and there is a club option of $16 million in 2012 or a $2 million buyout.

The 32-year-old Oswalt, who has only pitched for Houston over his 10-year career, is 6-12 with a 3.42 ERA this season. He's lost his last two starts, but has received little run support from his team. In fact, the Astros have scored two runs or less each of the last six times he's pitched.

With 143 wins, Oswalt is one victory shy of matching Joe Niekro as the all- time leader in Astros franchise history.

The addition of Oswalt would give the surging Phillies a powerful 1-2-3 punch in the rotation, led by Roy Halladay and Cole Hamels.

The Phillies have won a season-best seven games in a row and were 3 1/2 games behind first-place Atlanta in the NL East standings following Wednesday's games. The Astros are well out of the playoff race at 42-59.

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