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.
I'm guessing 3/30 and all the two foot long hot dogs you can eat didn't work
Yes! In a 12-way tie for first!
Blew my prediction! I had them signing Zimmerman and trading for another arm.
Damn wanted Zimmermann
Yeah, this market. Remember when Ted Lilly signed a 4/$40m with the Cubs? It was like "Well, I guess if you can throw a ball, that's what the 3 and 4 starters are all getting." I'm glad I'm not a GM. Of course, they're spending our money...
in this market that seems like a decent deal relative to the market.
given that d.price will probably get 30m-ish a year, 22m for 29yo zimm doesn't seem bad. i wouldn't complain about him suiting up for the cubs. one less option gone...
Zimmermann 5/$110m with Tigers. Youch.
And the updated predications page: http://bit.ly/1NWlEek
Cubs 3B Christian Villanueva (who is out of minor league options) is hitting 358/464/500 for Obregon in the Mexican Pacific League (LMP), and is leading the LMP in OBP, is second in BAvg and walks, is seventh in SLG, and is tied for 8th in HR. He also has struck out only 16 times in 175 PA.
CTSteve, thanks for spelling Zimmermann correctly. We don't need another first baseman.
The media has linked Cueto and the Cubs approximately zero times this winter. I'm thinking there's just not a lot of interest there on the Cubs' part. It seems unlikely.
If the Cubs miss on Price, Grienke, and Zimmerman, they will aim for a mid-rotation starter via free agency or trade. However, I think this scenario also significantly boosts the odds that they extend Arrieta.
The Tigers are going after Zimmermann and the Red Sox will be throwing money at Price. Bringing Cueto back to the NL with the Cubs is looking like a serious possibility. Thoughts?
Peter Abraham of the Boston Globe in the financial impact to the Red Sox for not signing Jon Lester early in the free agent process:
It will be interesting to ultimately add up the cost of letting Jon Lester go.
The Red Sox botched up their negotiations with Lester in during spring training of 2014, making an initial offer of $70 million that was roughly $40 million short of what it should have been. Talks broke down and Lester was traded in July.
Wait...you're flip-flopping again?!
Is this legal? What is the rule here on opining definitively and then changing your mind?
I am not only surprised at your declaration, but Cutler's better 2015 showing. I don't get it - he went through Martz, Turner, Trestman, Kromer, and now Gase...and he is still here! And. he'll be here mext year too.
Happ signs w Jays
Morsi saying Price won't be a Jay
needs more d.beeler and e.jokisch
As an Illinois tax payer I appreciate what they r doing