Carlos Pena Claimed On Waivers
Buster Olney tweets that a claim was awarded on Carlos Pena. Depending on when that actually happened, the Cubs and the mystery team at the moment have about 48 hours to work out a deal. If nothing can be hammered out, the Cubs can pull Pena back off waivers or they can just let him go to the team and save the remaining salary left on his contract which includes the $5M deferred money he's owed on January 1st, 2012.
While Pena is now on track to be a Type B free agent and there's certainly plenty of value in the possibility of getting a supplemental round pick for him (although no sure thing), there's probably more value at the moment in saving the $5.5M or so he's owed, regardless of the prospects they may get back.
Possible Correction: It seems there's a bit of a confusion that if Pena is just given away, the Cubs could still be on the hook for the $5M in deferred money. Not sure why it works that way or how, but that's the current rumor by MLB Trade Rumors and Arizona Phil.
Update: Rosenthal tweets:
Pena claimed, but #Cubs likely to pull him back. Need 1B for 2012, want to keep options open. Did not get good offers before 7/31.
Considering Hendry's claim that he didn't want to make too many deals before the deadline, hopefully the thinking has changed.
Update #2 from Rosenthal:
This has gotten about 90% less exciting than it was an hour ago. My math tells me then that the claiming team would be on the hook for about $1.67M if the Cubs just let him go.
Update #3 from Jon Heyman says it was the Yankees. I assume they're just happy to take on the money then.
anyone else ready for the all-star break? =p
it's been a tough past couple weeks...except that reds series. i miss playing the reds. that was cool.
To take my mind of this latest disaster...wow, I thought baseball money was crazy, but NBA money is now super-wacko crazy. Joakim Noah is 31 with bad knees and absolutely no offensive game. He can't make a layup. The Knicks just agreed to pay him $72M over 4 years. Holy crap.
Thank you, Jason, for allowing me to get to bed at a decent hour. Very thoughtful.
It will be very interesting to see what Theo does at the deadline. Of course, if Jake doesn't get straightened out, it really doesn't matter. A lot of Jake's comments this year, and his posing for nudie pics in the ESPN magazine, rang some alarm bells -- after one great year (and it was amazingly great), his head has swelled tremendously. Jake, look up the word "hubris", then look in the mirror.
...and we're back from the 3rd rain delay.
at least the cubs have a decent backup of...ummmm....well the minor league system has...uhhh...hmmm.
maybe adam warren can manage to throw less than 100 pitches in 5 innings? no?
Not to worry -- I'm sure Hammel will finish strong in the 2nd half of the season (~sad chuckle, reaches for Scotch bottle~).
Hammel has had a rather challenging last month. I am hoping post-break that Hendrix gets pushed ahead of him. They'll be lucky to win a game in NY
hey, alright...cubs losing by 9 and a 3rd rain delay. awesome.
If baseball does not work out for Patton, I think he's got a future in Civil War re-enactments. He's got a solid Johnny-Reb look to him.
David Ross - the mound awaits you.
RIP jason hammel's awesome ERA.
10 ER in 4ip...almost a full point tacked on tonight, alone. 5HR given up tonight. oogly.
Nimmo certainly does not want to see the Cubs leave town. His first MLB rbi last night and now his first HR.
At least Hammel is eating some innings ... this is the kind of game Peralta should be used if at all.
OK, the hell with it.
It's July 1 -- Hammel starting to suck right on schedule.
Other than sweeping the Reds -- a bad team actively trying to lose -- this will make 8 losses in 9 games to good teams (Cards, Marlins, Mets). Not good at all.
Belicheat a consultant for the Red Sox?
And, so, Jason Hammel decides to test my new resolution right away. Sheesh.
No Wright, no Duda, no Granderson -- no problem for NY. Ugh.