Per a variety of folks on Twitter, the Texas Rangers have acquired minor league righthander Greg Reynolds from the Colorado Rockies in exchange for minor league first baseman Chad Tracy.
Interesting deal...Tracy is the son of Rockies manager Jim Tracy, and while he was drafted in the 3rd round of the 2006 draft (between 1st rounder Kasey Kiker and 4th rounder Marcus Lemon) as a catcher, he is a 1B/DH at this point, and didn't appear to have a future as more than an organizational depth player with the Rangers.
Reynolds, meanwhile, was the #2 overall draft pick in the 2006 draft out of Stanford, nabbed by the Rockies ahead of fellow top-10 first rounders Evan Longoria, Clayton Kershaw, and Tim Lincecum. He has a 7.47 ERA in 94 career major league innings, and posted a 6.81 ERA in 109.2 innings in AAA last season, after posting a 5.22 ERA in 89.2 AA innings in 2010.
Neither player is on the 40 man roster, and neither player is likely to impact their respective major league clubs in 2012.