The Cubs add to their stable of pitchers today, by signing RHP Scott Feldman to a one year deal for $6M, plus $1M in incentives according to various sources. Feldman seemed to be a popular target among Cubs armchair GM's this offseason for reasons unbenknownst to me, but TheJedi seemed to concur. He's certainly cheap enough and getting away from that Texas park and the AL should theoretically help, although his career road vs. home ERA defies conventional wisdom (4.40 at home vs. 5.24 on the road).
Career-wise he's 39-44 with a 4.81 ERA (95 ERA+) and 5.4 K/9, 3.1 BB/9, 1.0 HR/9 peripherals. Last year, apparently after recovering from micro-fracture surgery on his knee, his ERA was a robust 5.09 in 132.2 IP. His career high in innings was in 2009 with 189.2 IP. That happened in 2008 when he went 17-8 with a 4.08 ERA (114 ERA+). In the 4 seasons that he's been able to muster at least 20 starts, his ERA+ are 84, 114, 82 and 89 (2008, 2009, 2010 and 2012).
Regardless of those less than spectacular numbers, it's a cheap enough deal that it's hard to get too worked up about it. It's certainly not going to get anyone excited about the season, but should provide some decent depth and the possibility of some upside much like Paul Maholm last year.
BRIEF UPDATE: A most excellent article from Fangraphs comparing Feldman vs. B. McCarthy with bonus tweets from McCarthy about how he changed his style to emulate Feldman and calling him the best bargain this offseason.