The Colorado Rockies announced today that they have finalized the five-player deal for Ubaldo Jimenez with the Cleveland Indians by acquiring left-handed pitcher Drew Pomeranz. The Rockies have assigned Pomeranz to Double-A Tulsa.
The news does not come as a surprise to anyone, especially when the pitcher tweeted it and hasn't pitched since the trade. But MLB requires teams to wait at least one full year after signing a drafted player before they can be traded to another team. Instead, the Rockies and Indians used the loop hole by naming Drew Pomeranz as a player to be named later.
Pomeranz, 22, was the headline name of the four prospects shipped to Colorado. In 91 innings this season, the southpaw is posting a 1.98 ERA along with an 11.1 K/9 and 3.8 BB/9. The Rockies are getting a potential No. 2 starter for their rotation in the next 2-3 years. ESPN's Keith Law ranked the fifth overall pick in the 2010 draft #35 in his updated top 50 rankings and writes "his three-pitch mix makes him death to lefties and solid against righties as well."