A major league source is telling me that the Rangers have been talking to the Astros about Roy Oswalt and that the teams are "getting closer" to having a deal in place. It's not yet clear which player(s) would be coming back from Texas to Houston, but my understanding is that the live bodies part of the deal is more or less agreed to.
But in place is not the same thing as done: the sticking point: the Rangers are trying to convince Major League Baseball -- who holds the purse strings until the sale of the Rangers is complete -- to allow them to take on Oswalt's salary.
So yes, there are a lot of "ifs" here at the moment. But unlike the multiple reports we've seen in the past several days regarding where Roy Oswalt would theoretically allow himself to be traded, we know right now that there are at least two teams -- the Rangers and the Astros -- who would like to see him pitching in the Dallas Metroplex, complicated financial considerations willing.
Buster Olney (via Twitter): Highly placed source on the Oswalt-to-Rangers-in-the-works report: "Nothing to it." Given their financial situation, it would be hard for them to think about taking the most expensive starter in what is a flush market of starting pitching.
I would like to have Oswalt but only if the price is right prospect wise. The Astros really can't expect to get too much for Oswalt as he is owed considerable money for the next few years. Oswalt is a solid #2 guy and would easily be the ace of the Rangers staff but I have some concern as to how he would pitch in the AL.
Oswalt has a FIP of 3.40 and xFIP of 3.44 this year.