Orioles Trade Olson For Pie

5:20pm: Tom Krasovic notes the Padres’ previous interest in Olson.  He examines the possibility of the Cubs and Padres making a Jake Peavy deal.  Click here to read Jim Hendry’s thoughts on Pie.  Bruce Miles also notes that the Cubs are close to deals for arb-eligible relievers Kevin Gregg and Mike Wuertz.

3:11pm: Roch Kubatko spoke with Andy MacPhail about the Pie/Olson trade. MacPhail says that this trade is not a precursor to any other move, and that it’s likely the Orioles will go with Huff at first base, Pie in left, and Scott at DH.

Earlier we’d heard the O’s being in on some possible first base candidates, including Richie Sexson, Adam Dunn, and Ty Wigginton, but it seems they’re comfortable with this lineup.

1:10pm: Ken Rosenthal is reporting that the Orioles have traded Garrett Olson and Class-A righthander Henry Williamson to the Cubs in exchange for Felix Pie.

Olson figures to slot in as a middle-reliever for the Cubs or as a fifth starter, depending on what role they have planned for Sean Marshall.

Pie could start off the 2009 season as a backup for all three outfield spots, according to Rosenthal. Rosenthal also suggests Pie playing left field, with Aubrey Huff manning first base and Luke Scott becoming a full-time DH. That idea seems to make more sense to me.

If Pie can realize any of his potential in a new setting, the Orioles will have one of the more talented young outfields in baseball.