Cubs and Reds agree to Sean Marshall-for-Travis Wood swap

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Last night Bruce Levine of ESPN Chicago broke the news that the Cubs and Reds were working on a trade involving Sean Marshall and Travis Wood, and now he’s reporting that the two sides have agreed to a deal “in principle.”

According to Levine the Cubs will send Marshall to the Reds for Wood and two undisclosed prospects.

Wood became more expendable after the Reds gave up a ton to get Mat Latos from the Padres and Ken Rosenthal of FOXSports.com wrote yesterday that Cubs president Theo Epstein had his eye on the left-hander since his days with the Red Sox.

Wood is 24 years old, cheap, under team control through 2016, and projects as a mid-rotation starter, but Marshall has been one of the league’s top setup men since moving to the bullpen full time in 2010, throwing 150 innings with a 2.45 ERA and 169/42 K/BB ratio. He certainly has the ability to close, but it’s unclear if the Reds will ask him to take over ninth-inning duties for free agent Francisco Cordero.

Athletics release Santiago Casilla

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Susan Slusser of the San Francisco Chronicle reports that the Athletics have released reliever Santiago Casilla. The club had designated him for assignment on Saturday.

Casilla, 37, posted a 3.16 ERA with 22 strikeouts and 20 walks in 31 1/3 innings of relief for the A’s in the first half. The ERA is certainly not bad, but the strikeout and walk rates are subpar and point to a pitcher who won’t be successful going forward without changing. Additionally, Casilla’s fastball velocity, at 92.9 MPH on average, is the lowest of his career.

Casilla is owed the remainder of his $5.5 million salary for the 2018 season. If he should sign elsewhere, the A’s would be on the hook for the remainder minus the prorated major league minimum salary.