Trade speculation swirled around Cole earlier this week, with the Astros and New York Yankees rumored to have interest prior to the 27-year-old reaching a one-year, $6.75 million agreement with the Pirates.
Cole went 12-12 with a 4.26 ERA and 196 strikeouts in 33 starts in 2017. He has a 59-42 record with a 3.50 ERA in parts of five seasons with the Pirates. The No. 1 overall choice in the 2011 draft finished fourth in the National League Cy Young balloting in 2015 when he went 19-8 with a 2.60 ERA and made his lone All-Star team.
He has one year of arbitration eligibility remaining.
Musgrove, 25, went 7-8 with a 4.77 ERA in 38 games in 2017, his second major league season, splitting his year between the rotation and the bullpen.
Feliz, 24, went 4-2 with a 5.63 ERA in 46 relief appearances with the Astros last season, drawing his career numbers to 12-3 with a 5.13 ERA in parts of three seasons in Houston.
Moran, 25, went 4-for-11 with a homer and three RBIs in seven games for the Astros in 2017. He had his season interrupted due to facial fractures he sustained after getting hit in the face with a foul ball, missing two months.
Martin, 22, split his season between Class A Buies Creek and Double-A Corpus Christi, hitting .278 with 18 home runs and 66 RBIs in 125 games.
--Field Level Media