The Dodgers have traded Octavio Dotel to the Rockies for a player to be named later, according to Troy Renck of the Denver Post. The two sides will split Dotel's remaining salary and the buyout for his 2011 option, leaving Colorado on the hook for $250K (Twitter link). Since the Rockies are playing the Dodgers in L.A. today, Dotel will simply change locker rooms.
Dotel came to the Dodgers at the deadline in exchange for pitcher James MacDonald and Andrew Lambo as they looked to make a postseason push. The 36-year-old registered a 3.38 ERA with 10.1 K/9 and 5.3 BB/9 across a 19-game span in which the club fell out of playoff contention.
The contract that Dotel signed with the Pirates last winter included a $4.5MM club option for 2011. However, when Pittsburgh traded the veteran reliever to the Dodgers, the option became mutual. Renck (Twitter link) doesn't expect the Rockies to exercise the option, even with some money coming off their books this offseason.
Having been traded after August 31st, Dotel will not be eligible for the postseason. The Rockies could certainly use the help however as they trail the Padres by 1.5 games in the NL West and the Braves by 2.5 games in the Wild Card chase.