The 29-year-old hurler didn't pitch in the big leagues during the 2022 campaign, instead he registered a miserable 6.57 ERA, 1.68 WHIP and 40/19 K/BB ratio over 50 2/3 innings at Triple-A between three different organizations (Giants, Phillies and Rockies). He'll look to latch on elsewhere on a minor league pact this winter.

Oswalt was acquired by the Phillies from the Giants in May. Now he'll head to Colorado in a deal for cash. The 28-year-old right-hander hasn't appeared in a major league game this season and has surrendered 24 runs across 35 1/3 innings in the minors. 

Oswalt, who signed a minor league contract with the Giants earlier this year, will provide the Phillies with some extra organizational pitching depth this season. The 28-year-old righty made three appearances (one start) last year with the Mets. He's compiled a bloated 8.53 ERA, 1.58 WHIP and 17/5 K/BB ratio across six appearances (one start) at the Triple-A level this season.

Oswalt decided not to accept an assignment to Triple-A by the Mets after he was outrighted there shortly after being designated for assignment and unclaimed. He dealt with knee inflammation that limited his time on the mound, but was relatively effective with a 3.48 ERA in his 10 1/3 frames. He could compete for one of the final spots in the Giants bullpen, but San Francisco will have to add him to the 40-man roster in order to carry him.