Giles was traded to the Astros on Wednesday in exchange for pitchers Vince Velasquez and Brett Oberholtzer, outfielder Derek Fisher, and another player, Mark Berman of Fox 26 Houston reports.
The Astros are sending the Phillies two major leaguers and a promising prospect in exchange for Giles, so he will almost certainly step right into the closer's role in Houston. He blew just two saves after taking over as the Phillies' closer in late July last year and also struck out 87 batters in 70 innings, and he will now get to play on a team that will play with the lead more often. He figures to slot in somewhere among the second tier of closers in fantasy drafts.