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According to Carrie Muskat, the Cubs have mercifully sent Mike Olt down to Iowa:

This move was long overdue.

As much fun as it was to watch Mike Olt connect on a long bomb, it was even more painful to see him walk up to the plate and strike out in 40 percent of his at bats.

Olt clearly has the skill to make an impact at the MLB level, flashing defensive prowess and showing both power and patience at the plate.  However, he has never proved himself at Triple-A and possesses a career line at the level of .197/.302/.368 in 420 plate appearances.  While that sample took place during Olt’s vision-riddled 2013 season, it’s much easier to understand his struggles in the Big Leagues when considering he basically lost one year of development before jumping all the way to the Majors.

At Iowa Olt can get everyday at-bats while also working his glove at multiple positions, potentially at both first base and outfield in addition to third, giving him more versatility to work into an increasingly crowded future Cubs lineup.