Holliday appears headed to A's in trade from Colorado
Details are being finalized, though the teams have agreed to terms, a baseball source told Olney. The Associated Press, citing two people with knowledge of the talks, reported on Tuesday that the teams were reviewing the physicals of the players involved and an announcement was anticipated early Wednesday.
The deal is also pending completion of physical exams.
"Talks are continuing. They're very fluid and at this point, everything's speculation," Rockies spokesman Jay Alves said, speaking on behalf of general manager Dan O'Dowd.
Oakland owner Lew Wolff, attending a regional luncheon of Associated Press sports editors, wouldn't confirm or deny a trade but said he had already spoken with general manager Billy Beane three times on Monday.
More from ESPN.comWhile some of his fellow general managers might be hampered by the economic crisis, the A's Billy Beane is well positioned to make moves this offseason, Peter Gammons writes. Blog
Matt Holliday is a good start, but the A's still need more to challenge the Angels in the AL West, Rob Neyer writes. Blog
"Billy's doing different things right now," Wolff said.
Pitcher Greg Smith, who was 7-16 with a 4.16 ERA last season for the A's, is one of the players in the deal, a source confirmed to Crasnick."I don't know how official everything is," Smith said, according to the San Francisco Chronicle. "All I know is I've been called, and I'm flying to Denver probably tomorrow."
The Rockies have a need for late-inning relief with Brian Fuentes about to leave through free agency.
"They just called me a little while ago and told me the deal's in place," Gonzalez said, according to USA Today. "It surprised me, but that's how baseball works. You're always subject to be traded."
Gonzalez, 23, saw his first big league action last season and hit .242 with four home runs and 26 RBIs in 302 at-bats.
Holliday in OaklandMatt Holliday goes from a hitter-friendly Coors Field to a pitcher's park in Oakland. How will his numbers be affected? A look at his park-adjusted numbers (based on 2008).
• Fantasy spin: A disaster
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Information from ESPN.com baseball writer Jerry Crasnick, ESPN The Magazine's Buster Olney and The Associated Press is included in this report.