UPDATE 2:47 PM: David Kaplan, who has been all over this, quotes a great source that says deal not official yet. Ryan Dempster also tweeted the following, "THERE IS NO TRADE dont know where this info came from!
In a deal that developed rather suddenly, the Cubs have acquired 22 year old RHP Randall Delgado from the Atlanta Braves. Keith Law confirmed the return should the trade go through. Multiple sources are reporting that the deal is indeed done. The Cubs will also pay a part of Dempster's contract.
The Braves made the deal partly because they feel like they have an excellent chance to re-sign him as well as some of the best young pitching depth in baseball.
Delgado has good size aat 6'3", 200 lbs. and works with a fastball that has averaged 92.5 MPH per Fangraphs, but can touch the mid-90s. His best pitch however is a curve with a sharp downward bite. If Delgado has a weakness so far, it's command. He's young and there is still time for him to work on that. Delgado has the kind of mental makeup the Cubs like. so he profiles as someone who can continue to improve and adjust at the MLB level.
He has the stuff of a #2 starter but the most likely scenario is that you get yourself a solid #3 guy, unless there is an unexpected leap in his ability to command his pitches.
Delgado is 4-9 this season with a 4.42 ERA (4.11 FIP). He has a walk rate of 4.12 and a strikeout rate of 7.17 so far this season.
In short, excellent value for the Cubs on this. They get a pitcher with some upside as well as a pretty high floor as he's shown flashes of success at the MLB level.
We wish the best of luck to Dempster and his new team, the Atlanta Braves, whom I'll be rooting on for the rest of the year.
More details as they come...