1:37pm: The Red Sox announced that they have received cash considerations from the Angels in exchange for Hill.

1:29pm: The Angels announced that they have acquired southpaw Rich Hill from the Red Sox and selected his contract (Twitter link). Michael Kohn has been optioned to Triple-A to create room for Hill on the Major League roster. Chris Cotillo of MLB Daily Dish noted earlier today (on Twitter) that Hill had a July 1 opt-out in his minor league deal with Boston.

The 34-year-old Hill, signed by Boston to a minor league deal this offseason, has pitched well in his time with Boston’s Triple-A affiliate in 2014. In 39 innings for Pawtucket, Hill has posted a 3.23 ERA with 10.4 K/9 and 3.9 BB/9. He’s dominated opposing left-handers, holding them to a .196/.302/.196 batting line, and he’s been tough on righties as well. Opposing right-handers are batting just .211/.296/.274 against Hill this year.

Of course, Hill does come with a spotty track record, as he posted a 6.28 ERA in 38 2/3 innings with the Indians last season and has a lengthy injury history. Since a strong showing with the 2007 Cubs, Hill has had difficulty sticking in the Majors as he’s battled shoulder and elbow problems, including surgery to repair a torn labrum and Tommy John surgery.