Jason Jennings an Astro

Ken Rosenthal of Fox Sports is reporting the Astros are on the verge of acquiring Jason Jennings from the Colorado Rockies. 

Coincidentally, the Astros just announced that they are holding a press conference at 4:30 PM CST for a "major announcement".  Most in Houston presumed this to be the announcing of Bagwell’s retirement and subsequent personal services contract.

Update:  Jennings and right hander Miguel Asencio for Jason Hirsh, Taylor Buchholz and Willy Taveras.

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