2:50pm: The Dodgers have made it official, announcing that they acquired Penrod in exchange for cash considerations. Right-hander Roki Sasaki has been transferred to the 60-day injured list as the corresponding active roster move. Sasaki has been on the IL since mid-May due to a shoulder impingement. He can be reinstated 60 days from that initial IL placement, which would be mid-July. He was recently shut down from throwing and has an uncertain timeline.

1:37pm: The Dodgers and Red Sox have agreed to a trade that’ll send left-hander Zach Penrod from Boston to Los Angeles, reports Chris Cotillo of MassLive.com. The Sox designated Penrod for assignment earlier this week in the wake of the Rafael Devers blockbuster, as they were acquiring two 40-man players (Jordan Hicks, Kyle Harrison) and only trading away one.

Penrod, 28, is an interesting story. He signed as an undrafted free agent with the Rangers in 2018 and pitched briefly in their system before being cut loose during the pandemic-shortened 2020 season. He then spent three years pitching in the independent Pioneer League before catching the eyes of Red Sox scouts and returning to affiliated ball.

A nice minor league showing across multiple levels in 2024 pushed Penrod up onto the 40-man roster. He tossed 62 2/3 frames across three levels and logged a 4.16 ERA with a huge 34.8% strikeout rate but a similarly hefty 12.4% walk rate. The Sox summoned him to the majors in the season’s second half, and he pitched four innings down the stretch, holding opponents to a run on three hits and four walks with three strikeouts.

Penrod was in the mix for a bullpen spot heading into the 2025 season, but an elbow injury in spring training knocked him out for nearly three months. He returned to the mound in late May and has pitched 7 1/3 minor league innings. It’s been a mixed bag. He’s allowed four runs and only seven hits while punching out nine of 36 batters (25%). However, he’s also issued seven walks, plunked a batter and tossed three wild pitches.

Command has never been a particularly strong suit, but it’s also understandable if there’s some rust after he was initially diagnosed with elbow inflammation in late February and didn’t get back onto a mound in a game setting until May 24. Penrod’s 95 mph average fastball this year is a match for his 2024 mark, and he’s posted a huge 15% swinging-strike rate after logging a even more-impressive 16.6% mark in that regard during last year’s minor league run.

Penrod will give the Dodgers a hard-throwing lefty with clear bat-missing ability and, as critically, a full slate of three minor league option years remaining. Los Angeles churns through the final few spots of its bullpen as much as — if not more than — any other team in the sport, so flexible arms with Penrod’s general skill set are always going to be somewhat appealing to the Dodgers.