Orioles acquire Wade Miley from the Mariners

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Update #2 (7:10 PM EDT): The trade is official, per Heyman.

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Update (6:51 PM EDT): The Mariners will receive lefty pitcher Ariel Miranda from the Orioles if the trade is completed, per Ken Rosenthal of FOX Sports. Miranda, 27, made his major league debut — his only major league appearance — on July 3, allowing three runs on four hits with four strikeouts in two innings against the Mariners. With Triple-A Norfolk, Miranda compiled a 3.93 ERA with an 87/31 K/BB ratio in 100 2/3 innings.

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Jon Heyman of Today’s Knuckleball is reporting that the Orioles are set to acquire starter Wade Miley from the Mariners, pending the medicals of the involved players. The Mariners’ return is currently unknown.

Miley allowed one run on one hit and one walk with nine strikeouts in Saturday’s win over the Cubs. He ends July with a 3.45 ERA, which likely helped draw trade interest. His overall ERA is an uninspiring 4.98 with an 82/34 K/BB ratio in 112 innings.

The Mariners acquired Miley this past offseason, sending Roenis Elias and Carson Smith to the Red Sox. Miley will earn the remainder of his $6 million salary for this season as well as $8.75 million in 2017. The Mariners will have a $12 million club option for Miley in 2018 with a $500,000 buyout.

We’ll update you as more details are revealed.