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The Astros rewarded Rodriguez with a three-year, $34 million contract before the 2011 season. And Houston will pay $1.7 million of the approximately $3.4 million on left on Rodriguez's contract this year. The Astros are also scheduled to pay $8.5 million of his $13 million salary next season.
A $14 million team option for 2014 became a player option with the trade, and Houston would be responsible for $7.5 million should Rodriguez choose to exercise the option.
The 33-year-old Rodriguez's salary is a big addition for the team with the 26th lowest payroll in baseball at the start of 2012 at $63,432,000.
The Astros began the season with a $60,651,000 payroll. But after trading Rodriguez, Carlos Lee, Brandon Lyon, J.A. Happ and Brett Myers, Jed Lowrie makes the most on the 34-64 ballclub at $1.15 million.
"It's been rough for the past couple of years and we're doing everything we can to hurry it up so we can get back to those types of years," Luhnow said.
Owens is 8-5 with a 3.14 ERA in 19 starts for Triple-A Indianapolis. He has 85 strikeouts and only 25 walks in 117 1-3 innings. Owens, a 28th round selection in the 2006 draft, will be placed on the Astros 40-man roster.,
The 22-year-old Grossman was hitting .262 with 20 doubles, seven home runs and 35 RBIs in 94 games for Double-A Altoona. Baseball America ranked him as the Pirates eighth best prospect. He was a sixth-round pick in 2008 out of Cy-Fair High School in Houston.
Cain, 21, is 3-5 with a 4.20 ERA in 16 starts for Class-A Bradenton. An eighth-round pick in 2009, Cain is a graduate of Waxahachie High School in Texas.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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