The Colorado Rockies and San Diego Padres are deep into talks surrounding a trade involving current Rockies relief pitcher Huston Street, according to Buster Olney of ESPN.
Colorado has been shopping Street at the Winter Meetings, and have been talking to the Cincinnati Reds, Baltimore Orioles, and Boston Red Sox. These discussions with the Padres appear to be a new development, however, and these talks do make sense for both sides. San Diego recently saw closer Heath Bell sign a three year deal with the Florida Marlins, and they traded elite setup man Mike Adams to the Texas Rangers at the trade deadline this season. The Padres are desperate for elite bullpen help, and Street fits a need.
The return on this potential trade is less certain. It was reported on Tuesday that Colorado would reportedly eat some of Street's $7.5mil contract for 2012 in exchange for prospects. The two teams have also discussed second baseman Orlando Hudson, so this could be a straight salary swap with each team filling a perceived hole on the MLB club.
Street has been one of the most common names thrown around during these meetings, so it is becoming likely that he gets moved in a deal.