The 35 year-old veteran signed a one-year contract worth $5,000,000 with the Texas Rangers in early June. Declining the Phillies' higher-waged offer, Oswalt decided to pitch where he pitched almost his entire career: Texas. So far, Oswalt is 4-6 with a 6.29 ERA (38 earned runs in 54 1/3 innings).
On Sunday afternoon, against Tampa Bay, Oswalt left his start early after tossing just two innings. After allowing four earned runs on six hits, Oswalt claimed to have felt cramping in his right forearm. Now the $5,000,000, "I-refuse-to-be-a-bullpen-pitcher" pitcher is day-to-day for the Rangers.
It seems like the Phillies dodged a huge bullet when Oswalt declined their offer to sign him. The Phillies seem to be doing just fine without him.