The Philadelphia Phillies have acquired Hunter Pence from the Houston Astros, according to a press release issued by the Phillies.

Ken Rosenthal and Jon Paul Morosi, of FOX Sports, adds that first baseman Jonathan Singleton,right-handed pitcher Jarred Cosart and Josh Zeid will be involved in the trade in addition to a player to be named later.

Jayson Stark of ESPN adds that the Astros are sending $2 million in cash to the Phillies. Pence is due $2.2 million over the rest of the season and Stark says that had the money not been sent, the Phillies would have been over the luxury tax.

Singleton was ranked as the 2nd best prospect (behind Domonic Brown) in the Phillies system but was blocked at first base through 2016 by Ryan Howard. Singleton possess a veteran eye as he is able to recognize pitches easily which goes along with the plus power he possess.

Cosart was ranked as the 4th best prospect in the Phillies system. Cosart is a right-handed pitcher with a fastball that sits around 94-98MPH, average curveball and advanced command. Cosart projects as a potential number one starter or closer.

Image by Schipulites under the Creative Commons License.