Multiple news outlets this afternoon have been reporting on the rumor of Matt Garza being traded from the Chicago Cubs to the Texas Rangers.  According to FOXSports.com's senior baseball writer Ken Rosenthal, the deal is close to being done.

 

Source: #Cubs will acquire Triple A IF Mike Olt, Single A RHP C.J. Edwards and a third player from #Rangers for Garza.

— Ken Rosenthal (@Ken_Rosenthal) July 22, 2013

 

As you can see above, Rosenthal has begun announcing the details of said deal.  Garza, who has been scratched from his start tonight with the Cubs, has been one of the few bright spots for a Cubs team currently 10 games under .500. Since coming off the disabled list in late May, Garza has sported a 3.17 ERA while nabbing six wins on a team struggling to score runs.  Some spectulation is claiming Garza could make his fist start for the Rangers on Thursday against the New York Yankees should this deal reach completion.

This move will attempt to help stop the bleeding for the pitching rotation of the Rangers who are currently 54-44, and only three games back of the A.L. West leading Oakland Athletics.  Derek Holland and Martin Perez have been nice surprises leading the way for the Rangers' rotation.  Yu Darvish, Neftali Feliz, Colby Lewis, Alexi Ogando, Nicholas Tepesch and Matt Harrison are all currently on the disabled list (Ogando is set to be activated tomorrow, while Lewis is currently making rehab starts in the minors).

The Cubs will be receiving one of Texas' top-hitting prospects in Mike Olt.  He has been dealing with vision issues since spring training, but is hitting .290 in his last 10 games with the Round Rock Express of the Triple-A Pacific Coast League.  C.J. Edwards will also be joining Olt in the Cubs' organization as the 21-year old starting pitcher was named to the South Atlantic League All-Star game this year thanks to an impressive 1.83 ERA thus far in 93.1 innings.  He has yet to give up a home-run this season.

Matt Garza has pitched in the World Series before, and was named the ALCS MVP in 2008 for the Rays.  He has a no-hitter to his credit, with more than solid numbers when it comes to pitching in the post-season.  Injury concerns are there, but there is no doubt - when healthy - Matt Garza has the potential to be a top-of-the-rotation type of pitcher.

Make sure to keep an eye out for more details as they trickle in as this deal nears completition.

EDIT - Justin Grimm is reportedly also on his way to the Cubs as part of this deal.  Grimm was recently moved to the Rangers' bullpen with a 6.37 ERA and 1.65 WHIP in 17 starts.

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