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Phillies reliever Ken Giles to Astros

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The Houston Astros have reportedly agreed to acquire reliever Ken Giles from the Phillies for three players

Mark J. Rebilas-USA TODAY Sports

The Houston Astros, who have spent much of the offseason seeking a closer (if you believe the rumors), have finally settled on their man, reportedly agreeing to acquire Ken Giles from the Philadelphia Phillies in exchange for pitchers Vince Velasquez and Brett Oberholtzer and outfielder Derek Fisher.

Giles, 25, has five years of team control remaining, and has put up a sparkling 1.56 ERA in 115 major league innings, with 151 strikeouts.  Giles will presumably take over as the Astros' closer.

Velasquez is the prize of the deal for the Phillies...the 23 year old righty was a 2nd round pick of the Astros in the 2010 draft, and made it to the majors with the Astros this season, splitting time between the rotation and the bullpen.  Velasquez throws hard, but there are questions about whether he profiles as a starter or a reliever long-term.

Oberholtzer is a 26 year old lefty who came over to the Astros in the Michael Bourn trade.  He had a successful rookie campaign, but hasn't been as impressive the last two years, and spent more time in AAA than in the majors in 2015.

Fisher, 22, is an outfielder who was the Rangers' unsigned 6th round draft pick in 2011, who the Astros took in the supplemental first round in 2014.  Fisher split the 2015 season between low-A and high-A, and is a pretty decent prospect, though he's yet to fully convert his power potential into game results.