Wright agreed to a one-year contract with the Orioles on Tuesday, Roch Kubatko of MASNsports.com reports.

The 29-year-old lefty saw his strikeout rate fall by more than two per nine innings last season (from 9.2 K/9 to 6.9 K/9), and his walk rate ticked up slightly as well (from 3.2 BB/9 to 3.5 BB/9), but he still turned in a respectable 3.17 ERA in 58 appearances with the Cubs. He's now slated to head back to the AL next season, but Wright will likely be nothing more than a middle-inning option for Baltimore.

The Cubs declined to tender Wright a contract, the Chicago Sun-Times' Gordon Wittenmyer reports.

Wright has been adequate at preventing runs as a reliever over the past four seasons, but his strikeout rated dipped to 17.7 percent in 2014, which likely made him expendable in the Cubs' estimation.

Wright pitched a scoreless inning against the Giants on Thursday.

Wright has given up just one run in nine appearances this month, lowering his ERA to 2.54 in the process.

Cubs activated LHP Wesley Wright from the paternity leave list.

Wright missed the Cubs' series in San Francisco to be with the newest member of his family. The left-hander has a 3.18 ERA in 18 appearances this season.

Cubs placed LHP Wesley Wright on the paternity leave list.

Wright will miss the rest of the series in San Francisco before rejoining the club in Milwaukee this weekend. Blake Parker has taken his spot on the roster.

Cubs signed LHP Wesley Wright to a one-year, $1.425 million contract.

Bob Nightengale of USA Today passed along the terms of the contract. Wright, 28, posted a 3.69 ERA and 55/19 K/BB ratio over 53 2/3 innings between the Astros and Rays this past season. He should be a weapon against left-handed batters out of the Cubs' bullpen.

The Cubs and LHP Wesley Wright have agreed to a one-year deal believed to be worth $1.425 million, according to Bob Nightengale of USA Today.

Wright posted a 3.69 ERA and 55/19 K/BB ratio over 53 2/3 innings between the Astros and Rays in 2013. The 28-year-old was recently non-tendered by the Rays.

Rays non-tendered LHP Wesley Wright.

Wright was due for a raise to around $1.5 million in his second year of arbitration, which is more than the cost-conscious Rays were willing to spent. The southpaw holds a 3.28 ERA since 2011 and can be tough on lefties, so he'll get a job somewhere.

Rays acquired LHP Wesley Wright from the Astros for future cash considerations.

Wright will join the Rays' bullpen on Tuesday. The left-hander has posted a cool 3.56 ERA and 9.0 K/9 in 93 2/3 innings of relief since the start of the 2012 season and could be an asset for Tampa Bay down the stretch.

Wesley Wright holds a 2.95 ERA over 21 appearances.

Wright broke out in 2012, putting up a 3.27 ERA while striking out over a batter per inning. Over his first three seasons, batters teed off to the tune of a 5.33 ERA and 1.55 WHIP over 134 games. In the last three years, Wright has turned into a fine LOOGY, posting a 2.94 ERA and 8.4/2.9 K/BB/9 rate. Owners in deep AL-only formats should note that Wright's WHIP this year (1.53) sits right around where it did during the dark years of his career. He's walking fewer batters then he ever has, but has surrendered 23 hits over 18 1/3 frames.

Astros avoided arbitration with LHP Wesley Wright by agreeing to a one-year contract.

The financials are not yet available. Wright had a breakout year in 2012, putting up a 3.27 ERA while striking out over a batter per inning. He'll be used as a lefty specialist again for the Astros in 2013.

Wesley Wright was called up from the minors on Sunday August 21.

Astros recalled LHP Wesley Wright from Triple-A Oklahoma City.

This will be Wright's third straight season of decreasing action for the Astros, as he's pitched just two innings for the team thus far. He needs a strong showing the rest of the way if he expects to remain on the 40-man roster this winter. The 2.07 ERA in 65 1/3 innings for Oklahome City rates as somewhat encouraging.

Astros optioned LHP Wesley Wright to Triple-A Oklahoma City.

He was cleared to make room for Wednesday's starter Henry Sosa on the active roster. Wright, 26, was just called up from the minors over the weekend and gave up one run on two hits over two innings during his brief time with the big club.

Astros optioned LHP Wesley Wright to Triple-A Oklahoma City.

He was sent out to make room for the return of Matt Downs. Wright didn't make an appearance during his brief stay with the team.

Astros recalled LHP Wesley Wright from Triple-A Oklahoma City.

The 26-year-old southpaw has a 5.33 ERA over 134 major league appearances, so there isn't a ton of upside here. He leaves behind a 2.62 ERA in 48 innings at Oklahoma City.

Astros optioned LHP Wesley Wright to Triple-A Round Rock.

Wright doesn't really do enough of anything to be an impact fantasy arm. He was optioned to make room for Mark Melancon, who came over to the Astros from the Yankees in the Lance Berkman trade.

Wesley Wright was shaky Monday, allowing four runs over five innings in a loss to the Cubs.

The left-hander gave up eight hits and walked one, requiring 93 pitches to complete five frames. The Astros stretched Wright out as a starter this spring after he made 120 relief appearances for them over the previous two seasons. They have given him a couple starts even though he hadn't fared that well as a starter at Triple-A, and the results with the big club haven't been any better. Wright's scheduled start this weekend in Milwaukee might be up in the air.

Wesley Wright will get another start for the Astros with Brian Moehler still bothered by injury.

Wright struggled in his first major league start Tuesday, allowing six runs (one earned) over 4 2/3 innings against the Cubs. He'll face the Cubbies again in his second start. The southpaw can be ignored for fantasy purposes.

In his first major league start, Wesley Wright gave up six runs -- one earned -- over 4 2/3 innings in a no-decision against the Cubs on Tuesday night.

Wright entered the fifth with a 7-1 lead, but an error by Jeff Keppinger opened the floodgates for the Cubs to plate five unearned runs. It's not like Wright was completely innocent, as he gave up three hits, a walk and hit a batter, but it was a sloppy inning all around. Wright took Felipe Paulino's place in the rotation on Tuesday, but he could be back in the minor leagues once Brian Moehler is ready to return from the disabled list. He's not worth a look in fantasy leagues.