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.
Joe: "We lost. They beat us. Now where's my '09 Guigal Bordeaux glass...?
I forgot how rail thin skinny Carl Edwards Jr. Is - he threw some nasty stuff - hope that continues
HAHAHA! I love it here! Brilliant...
"The pressure of going for the regular-season wins record is now gone."
Brilliant. Maddon is a genius!
"Drink copiously but responsibly."
Done and done. Thanks for that.
Oil Can Boyd now pitching for the Cubs
- The pressure of going for the regular-season wins record is now gone.
- Joe will come up with more wacky dress-up ideas for the team to wear after they lose their next get-away game.
- There is more clarity on Spencer Patton.
- We play the Reds next. They aren't very good.
- We'll have at least a 9 game lead after today.
Other than that, not much -- nasty stretch. Two ugly losses in the last 4 games.
Ugh -- give Lackey a 4-1 lead, you hope for better.
It's a long season. There will be stretches like this. It's Saturday night. Drink copiously but responsibly.
That valuable RBIGIDP.
Someone talk me down here.
I remember AZ PHIL talking about Bour's power during the Hendry era.
Time to scrap the scouting report on Justin Bour and get a new one. Sheesh.
Contreras seems pretty adamant he'll play anywhere Madden wants him to so as long as he stays hot and with all the injuries it'll be pretty nice to have yet another bat Madden can move around.
Rizzo in, Zobrist out, Willson in LF, Montero back and Almora batting 9th ... let's score some runs
Time for Mr. Oh to get some save chances.
Rosenthal does it again! Comes in with a 3-1 lead in the 9th -- double, BB, HR...ballgame.
Very nice win last nice -- could have caved in after the bottom of the first. It would be OK if guys stopped getting hurt, and if SF would lose a few.