Roy Oswalt still plans on making an announcement later today, but Jerry Crasnick has some inside dirt: Oswalt is likely going to pull a Roger Clemens and come back in the middle of the season:
Oswalt, 34, has told teams that he plans to keep throwing, stay ready and would be willing to return during the season if nothing materializes before then. That approach would mirror what Clemens did in 2006 and 2007, when he returned in June to pitch for the Houston Astros and then the New York Yankees.
With the Rangers, Cardinals and Red Sox all ruled out today, that seems like his most likely option, though he is leaving himself some wiggle room there. And to be honest, it may be his most lucrative one. Every team thinks they have a decent rotation now. Such is the nature of February. When reality intrudes, however, and clubs are holding their rotations together with baling wire and chewing gum, Roy Oswalt is going to look like a pretty damn good option.