Rumors be the Cubs were just waiting to see if the news on Clay Bucholz turned for the worst in a hope to get the Red Sox heavily involved. That didn't happen and now Garza is headed to Texas, a team he had nearly joined two other times (before being initially traded to Cubs and last trade deadline).
This is what we know..the Cubs are getting 3b Mike Olt and SP C.J. Edwards. They are also getting a third player that will be a pitcher and if you believe Jeff Passan's tweet, a fourth "player-to-be named later" is also part of the deal. Jeff Wilson of the Ft. Worth Star Telegram name dropped reliever Joe Ortiz at one point, but that yet to be confirmed. As we've learned many times over the last few seasons, nothing is for certain until there's hugging in the dugout.
Olt was the #22 prospect in all of baseball heading into the season according to Baseball America (Sickels gave him an A- grade, the same as Baez), but had a rough go of it in 2013. Many of his troubles were said to be rooted in a vision problem and he has hit a little better since returning from a lengthy disabled list visit, but still not quite as well as expected or hoped. Obviously the Cubs are banking on him hitting again, but he's also a skilled defender at the hot corner. In a bit of serendipity, Olt was selected by the Rangers with the compensation pick they received when Jim Hendry signed Marlon Byrd.
Edwards was a 48th round pick of the Rangers in 2011 out of high school in South Carolina. He's struck out over 11 per 9 with a walk rate around 3 over the course of 3 shortened minor league seasons. He's now with their A affiliate in the South Atlantic League (Kane County equivalent) and is playing his age 21 season. He's starting right now and features a mid 90's fastball with a "plus curve".
UPDATE #1: Passan says the third player is Justin Grimm and a 4th player will be added later. Grimm's no world beater, but he's 24 and with major league experience. A strikeout pitcher he is not, but Sickels had him at #5 on his top 20 preseason Rangers list.
Stuff has never been the issue: Grimm's fastball can hit 96 MPH and averages 92. Scouts also like his curveball, rating it a plus pitch, and his changeup, while still inconsistent, is much better than it used to be. He is very athletic, an attribute which should help him stay healthy, especially with his improved mechanics.
Grimm's three-pitch mix and ability to throw strikes could make him a nice number three starter. He could also thrive in a relief role if the Rangers choose to go that route. I had him as a Grade B- pre-season and that still seems reasonable, with some chance for a straight B.
UPDATE #2: Olt, Edwards, Grimm and a PTBNL for 2 months of Garza whom the Cubs could resign if they really wanted to next offseason. Hard not to like the deal. If you wish to extrapolate it even further, Cubs moved Chris Archer, Hak-Ju Lee, Sam Fuld, Brandon Guyer, Robinson Chirinos for just over 2 years worth of Garza starts, Fernando Perez, Zach Rosscup, Olt, Edwards, Grimm and a PTBNL. Hard to say if the Cubs are losing on the deal, they'd certainly like a pitcher with Archer's capabilities and service time around right now and Lee still could be a decent regular, but it does appear that it's close to a zero-sum movement at this point...other than the last 3 seasons, but they were lost anyway.
UPDATE #3: Wittenmyer tweeted that RHP Neil Ramirez is among the pool of players that the Cubs could choose as the player to be named later. The deal gets even better. I suppose Joe Ortiz may be one of those players as well, along with others.
UPDATE #4: it's actually 2 players to be named later coming the Cubs way.
UPDATE #5: According to the Rangers GM, the numbers of PTBNL's headed to the Cubs depends on whom the Cubs choose...could be one, could be two.
UPDATE #6: Slight modification to the PTBNL deal according to Wittenmyer, Cubs either choose Neil Ramirez or they choose 2 pitchers from an agreed upon pool of players.