The Texas Rangers acquired pitcher Matt Garza from the Chicago Cubs for rookie right-hander Justin Grimm, top prospect third baseman Mike Olt and Class-A pitcher C.J. Edwards.
"He's an extremely talented pitcher that's had success in the toughest of divisions and the biggest of stages, who's throwing the ball as well as anybody right now," Rangers General Manager Jon Daniels said in a statement released by the team. "It's a power repertoire, a little bit of a different look from what we've got, and he was available. He was in our opinion the best guy on the market."
The Rangers are three games behind Oakland in the AL West.
"We paid a steep price in talent to acquire Matt, but we did so knowing that we've got other guys in the system," Daniels said. "What it comes down to, ultimately why we got him, beside the desire, is we had the players to do it."
Garza, 29, is 6-1 with a 3.17 earned-run average.
"He was the best pitcher in baseball in his last five, six, seven starts. He's young, has great velocity, has good command of his pitches and that makes him attractive to any team," Cubs manager Dale Sveum said. "It's not easy to part with a guy like Garza and someone has to step in and be productive. We hope the players we get will make us a better team, and in the future, we can be the team who purses a player like Garza."