4:08pm: The A's are sending $2MM to the Rockies, tweets Jon Heyman of CBS Sports.
3:44pm: The A's are sending some cash to the Rockies in the trade as well, tweets MLB.com's Jane Lee.
3:32pm: The Rockies have acquired left-hander Brett Anderson from the A's in exchange for left-hander Drew Pomeranz and right-hander Chris Jensen, according to Ken Rosenthal of FOX Sports (on Twitter).
Anderson has been around for five years already, but he's still just 25 years old (he'll turn 26 in February) and is under control at $8MM in 2014 with a $12MM club option for 2015. Those final two seasons were both option years on a four-year, $12.5MM extension he signed with the A's in April 2010, coming off a season in which he posted a 4.06 ERA with 7.7 K/9, 2.3 BB/9 and a 50.9 percent ground-ball rate.
Anderson was even better in 2010, posting a 2.80 ERA with 6.0 K/9, 1.8 BB/9 and a 54.6 percent ground-ball rate, but injury problems set in that season. A pair of left elbow issues limited Anderson to 112 1/3 innings that season, and he went on to undergo Tommy John surgery in 2011. He missed most of 2012 recovering from that surgery but was brilliant in his return. In 2013, he missed most of the season with a stress fracture in his foot and pitched to a 6.04 ERA (3.85 FIP, 3.26 xFIP) in the 44 2/3 innings he was healthy.
The A's exercised his $8MM option anyway, believing him to be capable of exceeding that value in 2014, whether in Oakland or with aother team. Though he's totaled just 163 innings over the past three seasons combined, Anderson's talent and youth make him a solid buy-low for the Rockies to slot in behind Jorge De La Rosa, Jhoulys Chacin and Tyler Chatwood.
Pomeranz, 25, was the fifth overall selection in the 2010 draft by the Indians but found himself traded to the Rockies in the Ubaldo Jimenez blockbuster a couple seasons ago. Despite his upside, Pomeranz has yet to pan out, posting a 5.20 ERA with 7.6 K/9, 4.6 BB/9 and a 45.5 percent ground-ball rate. He does own a 2.97 career ERA in the minors, including a 3.60 ERA with 9.7 K/9 and 3.6 BB/9 in 132 1/3 innings at the Triple-A level.
Jensen, 23, registered a 4.55 ERA with 8.0 K/9 and 2.3 BB/9 in 152 1/3 innings at Class-A Advanced Modesto in 2013. The University of San Diego product did not crack MLB.com's list of Top 20 Rockies prospects or Baseball America's list of Top 30 Rockies prospects.
Photo courtesy of USA Today Sports Images.