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UPDATE: Jayson Stark tweets that Oswalt is expected to give the green light on a deal that would send him to the Phillies. However, nothing is official just yet.

UPDATE(2): According to ESPN’s Amy K. Nelson, the Phils will add $1 million onto Oswalt’s 2012 buyout, making it likely that’s the option they’d take. The two sides are also trying to work in a no-trade clause for Oswalt with the Phillies.

UPDATE (3): ESPN’s Jerry Crasnick and AOL FanHouse’s Ed Price are both hearing outfielder Anthony Gose could be the third guy the Phils send Houston. In all, it would mean Happ, Worley, and Gose for Oswalt and $11 million.

After a couple weeks of back and forth talks between the Phillies and Houston Astros, it appears as though a deal could finally be in place. And, according to rumors, J.A. Happ is one of the guys the Phils will have to give up in order to acquire the Astros’ pitcher.

For now, the only two names being mentioned with any certainty are Happ and Oswalt. There are reports that the Astros were pushing hard for Class-A first baseman Jonathan Singleton, but it doesn’t appear as though the Phils were willing to part ways with the young slugger.
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