This hasn't been confirmed yet, but Larry Stone of the Seattle Times is reporting that Carlos Silva will be traded to the Cubs for Milton Bradley. Earlier in the morning, "Monsters of the Midway" (I believe that's Mike North and Dan Jiggetts) said a trade of Bradley to the Mariners was going to happen as well. I also heard Larry Stone on XM radio on my drive in and he said the same thing and that the deal should be announced today or tomorrow.
Seattle always made sense as a possible destination for Bradley, low key media market, opportunity to DH, need some OBP help and they had a terrible contract they wanted to unload. The question was would they take on the Bradley headache and would Hendry be desperate enough to take on Carlos Silva. And apparently he is...
Silva is owed $11.5M in 2010 and $11.5M in 2011 with a 2012 mutual option of $12M with a $2M buyout...that's $25M total compared to $21M owed Bradley, so I would assume they would split the difference or at least get the Mariners to pay the buyout. According to Cot's, Bradley is owed $9M this year and $12M next season, which means if it's a straight up deal, the Cubs added $2.5M to their 2010 payroll. We don't know the full details yet though, so I'm hoping Hendry worked it somehow that it wouldn't further hamper the Cubs 2010 efforts.
There's nothing good to say about Carlos Silva. He's absolutely terrible. When the Mariners signed him two years ago, all of us stat nerds thought it was one of the dumbest things on the planet and that's exactly what it turned out to be. Silva - playing in the very pitcher friendly Safeco - has had ERA's of 6.46 and 8.60 his two seasons there. He did miss most of 2009 with shoulder issues, and althought he avoided surgery, he missed from early May to late September and then made just two bullpen appearances, giving up runs in both games. His career numbers are 60-64 with a 4.72 ERA, a 1.41 WHIP and a laughable 3.8 K/9 rate. He tops that off with a 11.0 H/9 rate (yes, more than a hit an inning and over 12 H/9 the last 2 years). If you thought Jason Marquis was a problem, wait till you see Carlos Silva.
I really don't see why the Cubs just didn't release Bradley rather than wasting roster space and time on Silva. I think the odds are close to 75% that they just end up releasing Carlos Silva in 2010. For the time being, if he isn't on the DL, I assume Silva will compete for a rotation spot in spring training and eventually be the most expensive bullpen arm of the Cubs.
UPDATE: Well everyone is confirming this is happening now...Muskat, Heyman, Tim Brown, Kapman...Merry Effin Christmas Cubs Fans.
UPDATE #2: The Cubs are getting $9M from the Mariners according to Sullivan, so they have that going from them. I would assume it's coming in installments over the next few years rather than one bulk sum in 2010, but we'll wait and see. If by some minor miracle it's all coming in 2010, then the Cubs would be paying just $2.5M for Silva in 2010 and Hendry just found himself $9M under the sofa cushions to throw at Marlon Byrd and Matt Capps or Kelvim Escobar. I'm not sure that's any better.
UPDATE #3: Cubs and Seattle Mariners trade history has been updated.
UPDATE #4: Hendry speaks and takes responsibility for the signing not working out. Cubs play at Seattle in the middle of June next season during my birthday...just in case you wanted to get something for your favorite Cubs blogger.
UPDATE #5: Bradley was apparently owed $22M, not $21M, so the Cubs are saving $6M as has been reported. $25M they owe Silva-$9M they're getting from Mariners = $16M. $22M - $16M = $6M in savings.
UPDATE #6: Cubs will get $3M each year over the next 3 seasons, net savings in 2010 will be $0.5M.
UPDATE #7: Wittenmyer says the Cubs are getting the $9M over two seasons with $5.5M coming for 2010.