How much can the Astros get for Roy Oswalt?

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Roy Oswalt requested a trade from the Astros late last week and rumors are starting to swirl around the potential interested teams, but exactly how good is the 32-year-old right-hander?
Oswalt has been one of baseball’s elite pitchers for a decade, yet generally seems underrated for someone who ranks fourth among all active pitchers in both ERA and winning percentage while winning more games than everyone his age or younger except CC Sabathia.
He’s started at least 30 games in seven of the past eight seasons while posting an ERA above 3.55 just once during that span, yet is only a three-time All-Star and has never finished higher than third in the Cy Young balloting. Last year back problems limited Oswalt to fewer than 200 innings for the first time since 2003 and he posted a career-worst 4.12 ERA, but he’s been as good as ever this season with a 2.66 ERA and 60-to-16 strikeout-to-walk ratio in 61 innings.
Beginning with Oswalt’s first full season in 2002, he’s ranked 4th, 15th, 13th, 13th, 9th, 25th, 11th, 26th, and now 8th among MLB starters in Expected Fielding Independent Pitching (xFIP), which removes factors like bullpen and lineup support, defense, and luck from the equation to evaluate pitchers based strictly on things they control. At age 32 and with his two worst years coming in 2007 and 2009 he seems more likely to be a top-25 starter than a top-15 starter at this point.
However, even at his worst he’s been a low-end No. 1 guy and Oswalt’s strong work so far this year suggests getting back to the top-15 range isn’t out of the question. His contract is also a factor, as Oswalt is making $15 million this season with another $16 million due in 2011 and a $16 million team option or $2 million buyout in 2012. While around $26 million for 1.5 seasons or $40 million for 2.5 seasons is essentially the going rate for a true No. 1 starter, it may prove difficult for the Astros to both unload his remaining contract and bring back top prospects, particularly if the Mariners start shopping Cliff Lee at some point.

Diamondbacks return Rule 5 pick Tyler Jones to Yankees

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Diamondbacks’ right-hander Tyler Jones is headed back to the Yankees, the teams announced on Friday. The Diamondbacks had previously selected Jones in the Rule 5 draft last December, but elected to leave the 27-year-old off of their 40-man roster heading into the 2017 season. Rule 5 draft rules stipulate that when a player is not kept on the receiving team’s roster, the player must be offered back to his original team.

Jones signed a minor league contract with the Yankees prior to the 2016 season. He pitched to an impressive 2.17 ERA, 2.2 BB/9 and 13.2 SO/9 over 45 2/3 innings with Double-A Trenton, but was unable to make the leap to Triple-A or beyond during his stay with the organization.

Jones’ outlook with the Diamondbacks appeared slightly more promising. GM Mike Hazen described the righty as a power arm with a “good fastball and power curveball” after selecting him in the Rule 5 draft, and early reports indicated that Jones would be in the mix for a bullpen spot. A rough spring performance — underscored by his lack of experience at the Triple-A and major league levels — undid most of that confidence, however, and the Diamondbacks weren’t willing to keep him on the active roster throughout the entire 2017 season in order to acquire his control rights.

Jones is set to open the season with Triple-A Scranton/Wilkes-Barre, per a report from the Yankees.

Derek Norris signing with the Rays

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Yahoo Sports’ Tim Brown reports that Derek Norris is signing with the Tampa Bay Rays.

Norris was released by the Nationals nine days ago, made redundant by the Nats’ signing of Matt Wieters and by everyone sliding down a notch on the depth chart below him. Norris hit only .186/.255/.328 with 14 home runs and a .528 OPS for the Padres in 2016.

Still, there always seems to be a place for a backup catcher. For Norris that place is Tampa Bay.