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2011 MLB Hot Stove: Colorado Rockies Receive Nick Schmidt In Huston Street Deal

The official Twitter account of the Colorado Rockies announced on Friday afternoon that the San Diego Padres have sent minor league pitcher Nick Schmidt to Denver to complete the Huston Street deal from Wednesday.

Schmidt, a former first-round draft pick, pitched for the Lake Elsinore Storm (High-A) minor league affiliate in 2011, accruing 62 and 1/3 innings while sporting a 3.84 ERA and 4.08 FIP. Despite turning 26 after the 2011 season, Schmidt has not yet reached Double-A in his professional career.

The Huston Street trade, initialized during the Winter Meetings, sent Street -- the Rockies closer since 2005 -- and $1 million in cash to the Padres in exchange for a player to be named later.

For more coverage of all things Denver sports, stay tuned to SB Nation Denver. For more in-depth coverage of the Rockies, visit Purple Row. For more updates on the MLB Hot Stove, check out Baseball Nation.