After remaining a free-agent during the off-season and spring training, Oswalt decided to sign with the Rangers after an opening became available due to Neftali Feliz landing on the disabled list.

By signing Oswalt, Texas adds pitching depth to an already talented team in the American League West. The Rangers currently rank first in wins from a starting pitcher (24), fourth in starting pitching ERA (3.99), and fifth in strikeouts from starting pitchers (267). Perhaps the biggest factor for Oswalt joining the Rangers is the run support the lineup is providing for starting pitchers, as the offense is currently providing 5.8 runs of support per game for the starting rotation.

As far as Oswalt preparing to pitch in the big-leagues, the Rangers are expecting him to be ready to join the rotation some time in mid-June. He's currently scheduled to report to Triple-A Round Rock in the next few days and could need four to five starts to build up his arm strength.

From a fantasy standpoint, Oswalt could be valuable for fantasy owners searching for cheap wins in mixed leagues. With the ability to strike out six-to-seven hitters, a low walk total, and plenty of run support, owners shouldn't be afraid to roll the dice on Oswalt moving forward. He's currently owned in less than 40% of Yahoo! fantasy baseball leagues.