UPDATE: Rangers “getting closer” to deal for Cubs’ Matt Garza

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Matt Garza has been on an impressive roll of late, winning five straight starts while posting a 1.24 ERA and 38/10 K/BB ratio over his last six. While we still have a little under two weeks to go before the July 31 non-waiver trade deadline, ESPN’s Buster Olney reports that the Cubs want to strike while the iron is hot.

Ken Rosenthal and Jon Paul Morosi of FOX Sports and Jeff Passan of Yahoo! Sports also hear that the Rangers are involved in talks for Garza. In fact, Rosenthal and Morosi are reporting that the Rangers are “most motivated” of any of the teams in the mix. The Dodgers, Red Sox, Cardinals, Indians, and Diamondbacks are among the other clubs who have expressed interest.

Garza is currently slated to make his next start on Monday against the Diamondbacks, so if Olney’s source is to be believed, we could see a resolution within the next couple of days.

UPDATE: FOX Sports’ Ken Rosenthal hears from one official involved in talks between the Cubs and Rangers that a deal is getting closer. Prospects from various levels are being discussed and Rosenthal writes that Mike Olt is “possibly” involved.

UPDATE II: Rosenthal hears from sources that prospect right-hander C.J. Edwards is also in play in talks for Garza. The 21-year-old has a 1.83 ERA and 122/34 K/BB ratio over 93 1/3 innings in 18 starts this season with Class A Hickory.

Padres sign Jordan Lyles

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The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.

Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.

Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.