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Rangers acquire Matt Garza from Cubs for Mike Olt, C.J. Edwards, and Justin Grimm

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UPDATE: Rosenthal now says it’s a done deal, with the Cubs sending Garza to the Rangers for Triple-A third base prospect Mike Olt, Single-A pitching prospect C.J. Edwards, MLB right-hander Justin Grimm, and a player to be named later.

Olt was a consensus top-50 prospect coming into the season and Edwards has been unbelievably good at Single-A as a 21-year-old, so regardless of what you think of Grimm’s mid-rotation potential that’s a damn good haul for what’s essentially two months of Garza. And the Rangers have added a frontline starter for a potential playoff run.

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With trade rumors swirling Cubs manager Dale Sveum was asked yesterday if Matt Garza would still be around to make his scheduled start tonight and replied: “I’d say 100 percent he’s going to be pitching.”

Sveum then immediately put into question his concept of “100 percent” by adding that “if we get a phone call and something changes, that’s the way it is.” And apparently that’s exactly what happened, because Ken Rosenthal of FOXSports.com reports that Garza will not start for the Cubs tonight and the long-rumored trade to the Rangers is finally “near.”

Cubs, Jake Arrieta to discuss contract extension in January

CHICAGO, IL - AUGUST 29: Jake Arrieta #49 of the Chicago Cubs scratches his beard as he walks back to the dugout at the end of sixth inning after giving up a three run home run to Gregory Polanco #25 of the Pittsburgh Pirates (not pictured) at Wrigley Field on August 29, 2016 in Chicago, Illinois.  (Photo by Jon Durr/Getty Images)
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Per ESPN’s Jesse Rogers, Jake Arrieta‘s agent Scott Boras says they’ll discuss a potential contract extension with the Cubs when they meet in January to hammer out arbitration figures.

Arrieta, 30, is entering his third and final year of arbitration eligibility after earning $10.7 million in 2016. The right-hander followed up his Cy Young Award-winning 2015 campaign by going 18-8 with a 3.10 ERA and a 190/76 K/BB ratio in 197 1/3 innings during the regular season. Arrieta pitched well in the postseason, helping the Cubs win their first World Series since 1908.

While Boras clients tend to go to free agency, it’s not always the case. Stephen Strasburg inked a seven-year, $175 million extension with the Nationals earlier this year.

Report: Koji Uehara close to signing with the Cubs

BOSTON, MA - OCTOBER 10:  Koji Uehara #19 of the Boston Red Sox pitches in the eighth inning against the Cleveland Indians during game three of the American League Divison Series at Fenway Park on October 10, 2016 in Boston, Massachusetts.  (Photo by Maddie Meyer/Getty Images)
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Evan Drellich of the Boston Herald reports, citing a source as well as Nikkan Sports, that reliever Koji Uehara is close to signing a one-year, $4.5 million deal with the Cubs.

Uehara, 41, finished the 2016 season with a 3.45 ERA and a 63/11 K/BB ratio over 47 innings. He missed some time in the second half with a strained right pectoral muscle. When Uehara returned from the disabled list on September 7, he tossed 11 scoreless innings with 12 strikeouts and two walks through the end of the regular season. So there’s at least some evidence, albeit in a very small sample size, that Uehara has stuff left in the tank.

The Cubs recently acquired closer Wade Davis from the Royals. Uehara would join Hector Rondon, Pedro Strop, Carl Edwards, Jr., Justin Grimm, and Mike Montgomery in what is once again a very deep bullpen.