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.
so far ryan williams (AAA) is the only system prospect on the "could be ready soon" horizon doing well...that said, he's not very exciting and he's assumed to be an end-rotation talent at best.
paul blackburn is getting great early returns in AA, but he's getting surprisingly low K numbers doing it. he throws lot of low/sinking stuff with good control...also assumed to be an end-rotation guy, but he's got room to be better, especially given his control as base to build on.
Speaking of pitching -- another ugly outing for Underwood at AA. Through 6 starts: 5.19 ERA, WHIP 1.69. Yikes!
Man, do we need starting pitching depth. Our best hopes are still hanging with AZ Phil in Arizona. Very scary.
jeebus... that's terrible.
*clap* *clap* *clap*
Thanks AZ. If you like him, I like him.
Awesome report, and good to see Beeler on his way back.
I'm also very happy to hear about the bi-level bump for Daniel Lewis. In the Name of Theo, he was the Last of the Full-Season Cuts, and There Will Be Blood for those who unnecessarily slow his development. Sure, he might end up in independent ball pitching for Lincoln. But if everything breaks right, he may even have a shot at joining up with the Gangs of Chicago. I wouldn't bet My Left Foot on it, though.
CHARLIE: The Cubs did the same thing with LHSP Eric Jokisch last month, and it has nothing to do with needing the player's 40-man roster slot.
The hope is that another MLB club will claim the player, so that you aren't on the hook for any termination pay (which you would be if you release him) AND you pick up $20,000 from the claiming team, all for a guy you don't want going forward anyway.
Moosetacos, I like it. All I can think of is a bearded lumberjack dude operating a Mexican style taco truck with a Canadian accent.
How strange is this for May? Is it insignificant, or does it suggest some sort of trade might be in the works?
The Cubs have sent LHRP C. J. Riefenhauser outright to Iowa.
Cubs MLB 40-man roster now stands at 37 (three slots open).
yow...the a.gordon/m.moustakas collision now makes the schwarb collision look minor in scope.
gordon broke his wrist, expected to miss 4+ weeks...and today moosetacos has been diagnosed with a torn ACL. fun times in KC.
dodgers calling up julio urias for tommorow's game. neat.
fernando-mania might have a new heir...dude is 19 (turns 20 in august) and he's got a legit argument for being MLB-ready.
Tony LaRussa, still an idiot
Happ was the #9 pick last year, and he moved from OF to 2B in the same offseason that Castro was traded.
Gleyber also in the picture at second.
Losing the right way