The Cubs added another short term contract tonight, signing outfield Nate Schierholtz on a one year deal for $2.25M that includes $500K in incentives. As Arizona Phil pointed out, they actually retain the rights to Schierholtz for two seasons as he's only at a little over 4 years of service time. Along with the signings of Scott Feldman and Scott Baker, the Cubs have added over $14M in payroll for next season, almost what they were paying Carlos Zambrano to not play for them.
The Cubs say Schierholtz will start in right field, but could very well platoon with Dave Sappelt. He'll be playing his age 29 season next year and accumulated a 257/321/406 slash line between the Giants and Phillies last year in 269 PA's, good for a 104 OPS+. The good news if they do platoon him is that he put up a more robust 287/360/466 line against righties last year for a 120 OPS+ in 201 PA's last year. But then of course anything can happen in 200 plate appearances. But in 2011, he put up a 288/340/461 line that was good for a 115 OPS+ in 294 PA's. But then anything can happen in nearly 300 PA's. As the years get smaller in numbers, so does his stat line and for his career in 1098 PA's, his slash line is 266/319/413 and a 101 OPS+ against righties. Now 1100 plate appearances carries a little more weight, but the trend is certainly favoring Schierholtz and the Cubs' decision.
As for defense, he's played most of his games in right field, although he did step his toes into center field last year for the Phillies a lucky seven times. If you belive in such things as UZR, they seem to be favorable towards Schierholtz.
Overall, considering the price...it's a pretty decent deal. A well-managed platoon can be very advantageous and maybe Schierholtz can keep up his slash line over 400 or more PA's. If not, he's cheap enough to be a bench player or trade bait and certainly won't be blocking anyone that may force themselves into the lineup (here's looking at you Brett Jackson).