Garza Trade From Cubs To Rangers No Longer Imminent

For a while earlier today, it looked like the top available starting pitcher on the trade market could pack his bags for Texas. The Cubs and Rangers reached the point of exchanging medical information on six players who were apparently ready to change teams, most prominent among them the Cubs' Matt Garza.

Cubs GM Jed Hoyer and president Theo Epstein have already been active on the trade front this summer, dealing Scott Feldman and Steve Clevenger to the Orioles, sending Scott Hairston to the Nats, swapping Carlos Marmol and an international bonus slot for Matt Guerrier, and sending Ronald Torreyes to the Astros for international bonus money. A Garza deal would be the duo's highest-profile trade of the summer and arguably the highest-profile trade of their tenure with the Cubs. It could also have the most impact of any 2013 trade deadline deal.

With the Cubs now reportedly looking to open talks back up with other clubs, even as they continue to talk with the Rangers, let's take stock of where we're at and track new updates right here:

• The prospective trade broke down over the medicals of one player, tweets Bowden. He says that the clubs are "working hard" to re-formulate the deal with a replacement piece. Quite the opposite is true, according to Sullivan, who writes that "right now there is nothing happening" and that "tonight is not the night."
• The loss of momentum between the Cubs and Rangers occured after the teams had swapped medical information on the players that were to be involved, writes Jeff Passan of Yahoo Sports. If medical concerns are to blame, Passan says it was likely not an issue with Garza, since the Rangers are apparently continuing to pursue him. 
• Some of the deal's apparent urgency may have come from the fact that the Rangers hoped that Garza would pitch for the club tomorrow, explains Jeff Wilson of the Fort Worth Star Telegram. While the team thought at one point that a deal could have been locked down as early as yesterday, Wilson says that club officials now do not believe an agreement is likely tonight.
• While various trade packages were discussed and reported, the Rangers prospects believed to be potentially in play at this point are third baseman Mike Olt and starters Neil Ramirez and C.J. Edwards. As Passan also reported, the Rangers also inquired about Cubs reliever James Russell, though it is not known whether he was a part of the trade that almost went through. (MLB.com's T.R. Sullivan first reported that the deal under consideration likely included Ramirez, Olt and Edwards.)
• As for other teams that could jump in, we learned earlier of a possible "mystery team" that was rumored to play in the National League. Previous National League clubs that have been connected to Garza include the Dodgers, Diamondbacks, Rockies and Pirates. The Cubs have not re-engaged the Dodgers at this point, however, writes Ken Rosenthal of FOX Sports.
• While the Cardinals have been connected to Garza as well, Gordon Wittenmyer of the Chicago Sun-Times tweets that they are not the unnamed team in the mix. The Nationals also appear to be out of the race, both Wittenmyer and ESPN's Jim Bowden (Twitter link) report. Of course, at this point, it seems that negotiations could pick up with any club — American or National League — that has the need and the means for Garza.

Earlier Updates (reverse chronological order)

• Garza's agent (Nez Balelo of CAA Sports) has reportedly been notified by the Cubs that a trade could be coming, according to Gordon Wittenmyer of the Chicago Sun-Times (free registration required). Garza himself confirmed that notification, though he downplayed its significance given his seemingly annual involvement in trade rumors.
• A deal sending Garza to the Rangers "will get done," according to a source of Jim Bowden of ESPN (Twitter link). He says that Neil Ramirez is expected to be the featured piece going back to the Cubs. While Ramirez was reported to have been scratched from his minor league start today, according to a Bowden tweet, Bowden retracted that information shortly thereafter (via Twitter). 
• A Cubs source tells Gordon Wittenmyer of the Chicago Sun-Times that a mystery NL team has joined the fray and may intercept Garza (Twitter link). Previous National League clubs that have been connected to Garza include the Dodgers, Diamondbacks, Rockies and Pirates. The Cardinals have been connected to Garza as well, but in a separate tweet, Wittenmyer adds that they are not the unnamed team in the mix.
• MLB.com's Jesse Sanchez points out that both the Rangers and Cubs have committed all of their international signing money, so no bonus slots can be used as a component to this trade (Twitter link).
• MLB.com's T.R. Sullivan writes that the Rangers would like to get a deal completed in time for Garza to start for them tomorrow night against the Orioles. The two sides are discussing Ramirez, Olt and Edwards, but the Rangers are unwilling to part with Martin Perez or Luke Jackson. Their refusal on Perez is nothing new, but this is the first report that they're unwilling to part with Jackson.
• Jon Heyman of CBS Sports reported that Rangers minor league right-hander Neil Ramirez has also been discussed in trade talks.
• The Cubs and Rangers are on the verge of completing a trade that would send Matt Garza to Texas in exchange for "a strong package of prospects," according to Ken Rosenthal of FOX Sports. The two sides have discussed prospects at multiple levels, including third baseman Mike Olt and right-hander C.J. Edwards, as Rosenthal reported last night. Rosenthal notes that other interested parties such as the Red Sox, Indians, Diamondbacks, Dodgers and Cardinals are reluctant to meet the club's asking price for Garza, who is a free agent at the end of the season.

Jeff Todd contributed to this post.