Olt cleared waivers and was outrighted to Triple-A Charlotte on Monday, Paul Sullivan of the Chicago Tribune reports.
Olt was designated for assignment Sunday to make room for the recently-acquired Austin Jackson, so this move just finishes the process as he accepts the move to Triple-A rather than becoming a free agent. Now that he's in the minors, he'll slot in as the third baseman for the Triple-A club, acting as organizational depth at the hot corner.