Huston Street Trade: Colorado Rockies Trade Huston Street To San Diego Padres For PTBNL

Dec 07 9:16a by Matthew Muzia

It appears to be a done deal. The Colorado Rockies have sent reliever Huston Street to the San Diego Padres for a Player To Be Named Later.

The Padres appear to be absorbing the entire $7.5mil that Street was owed for 2012 and the buyout for his 2013 option. In exchange, they will be sending a lesser prospect back to Colorado.

Rockies beat writer said it best:

@harding_at_mlb
Thomas Harding Rox agree to send RHP Huston Street to Padres for Minor Leaguer. Pads will pick up most of $8 M guarantee. Expec Rox to make free-agent move
Dec 07 via TweetDeckFavorite RetweetReply

Between the Chris Iannetta, Ty Wigginton, and Huston Street trades, the Rockies have almost $13mil in budget space -- money that can be used on a impact free agent. The Hot Stove just became even hotter for Colorado.