Cubs Use Araujo to Acquire ISBP Space

The Baltimore Orioles secured Outright Assignment Waivers on RHP Pedro Araujo (who was Designated for Assignment by the Orioles on Wednesday) this afternoon, then he was re-claimed by the Cubs for $50,000 (half the Rule 5 Draft price) and was outrighted back to AAA Iowa (the minor league club from which he was selected by Baltimore in the Major League Phase of the December 2017 Rule 5 Draft), and then the Cubs traded Araujo back to the Orioles for $750K in 2018-19 International Signing Bonus Pool (ISBP) space.

So the Orioles get $50,000 and they get to keep Araujo (but don't need to keep him on their MLB 40-man roster -- he was assigned to AAA Norfolk), and the Cubs get to spend $750K more ISBP money (if they so choose). 

However, it's very unlikely that the Cubs would have paid the Orioles $50,000 to re-claim Araujo and then traded him back to Baltimore just for ISBP space (in other words, the right to spend $750K more money on international free-agents) unless there is a particular international player (like maybe Cuban SS Yolbert Sanchez?) or possibly multiple players (like perhaps two or three of the Mexican IFAs recently declared eligible to sign by MLB, like RHP Jaime Melendez, RHP Jose Angel Valenzuela, and/or C Fernando Villalobos) the Cubs wish to sign prior to the 2018-19 ISP signing deadline on June 15th, and the $750K in ISBP space acquired from the Orioles in the Araujo deal (added to whatever remains from their 2018-19 ISBP space) is the only way they can get it done. 

 

Comments

Hey Phil, can Melendez and Valenzuela pitch in reliief? Sign them and bring them to Chicago now!

If the Cubs use the $750K in ISBP space they acquired from the Orioles in the Araujo trade to sign one or more of the remaining Mexican IFAs (most of whom sign a "future services contract" with a Mexican League club when they are 15 or 16), the Cubs would have to pay an additional 35% of the signing bonus to the Mexican League club as a "release fee," but the 35% release fee paid to the Mexican League club on top of the signing bonus paid to the player does - NOT - count against the MLB club's ISBP. So (for example) if the Cubs were to sign Mexican IFA catcher Fernando Villalobos for $750K, they would have to pay an additional $265K to the the Mexican League club that controls Villalobos, but the $265 paid to the Mexican League club as a "release fee" would not count against the Cubs 2018-19 ISBP. 

Phil, would the Cubs be able to re-sign the pitcher from Mexico they had signed but whose contract was voided? His name is escaping me at the moment.

florencio serrano jr, maybe

RHP Florencio Serrano Jr signed with the Texas Rangers about ten days ago. 

The Cubs have optioned RHRP Carl Edwards Jr to Iowa and have placed LHRP Mike Montgomery (left shoulder inflammation) onto the 10-day Injured List. Their replacements have not yet been announced. 

Since players on the Cubs MLB 40-man roster who were optioned to the minors prior to MLB Opening Day (like Collins, Maples, Norwood, K. Ryan, Wick, etc) cannot be recalled any earlier than the 11th day of the MLB regular season (which is tomorrow -- Sunday April 7th) unless the player is replacing a player who has ben placed onto an MLB inactive list (like the 10-day IL), only one of Saturday night's bullpen reinforcements (the one who replaces Montgomery) can be a pitcher who was already on the MLB 40-man roster.

And so the replacement for Edwards - MUST - be a pitcher who is not on the Cubs MLB 40-man roster (like Allen Webster or Dakota Mekkes), and of course a player will have to be removed from the 40 in order to create a slot for Webster or Mekkes. Possibilities for that move include transferring Morrow, Barnette, or Cedeno to the 60-day IL (which would mean that pitcher cannot be reinstated from the IL until the last week of May), or a DFA of a player on Optional Asignment. 

The Cubs have recalled LHRP Kyle Ryan from Iowa (he replaces Montgomery) and selected the contract of RHRP Allen Webster (he replaces Edwards), and RHSP Jen-Ho Tseng has been Designated for Assignment (which opens up a slot on the 40 for Webster).

hopefully the allen webster era will be good enough to not involve a desire to send him down.  absolutely filthy spring for the dude.

If the Cubs are able to secure Outright Assignment Waivers on Jen-Ho Tseng and outright him to the minors, he does - NOT - have the right to elect free-agency - AND - he will remain under club control through the 2020 season (although he will be eligible for selection in the December 2019 Rule 5 Draft). 

Tseng signed with the Cubs as an IFA out of Taiwan in July 2013 ($1.625M signing bonus) but he was "Signed for Future Service," which means his minor league service time clock didn't start until the 2014 season, and so the Cubs gained an extra year of club control that will carry through the 2020 season. 

miggy montero (who has a wholesome as hell twitter account and seems to still love the cubs) cannot help the cubs current situation...

https://i.imgur.com/GOlp2li.png

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  • crunch 7 hours 7 min ago (view)

    kevin rizzo is in camp with the cubs and is in workouts with the team.

    very tiny guy, no power, but he can run down a ball in the field and he's almost impossible to pitch to.  time to give him a contract and put him in the OF.

    https://twitter.com/Cubs/status/1366081602242023425

     

  • crunch 7 hours 48 min ago (view)

    Marquee has added a tuesday game, so now the first televised cubs game is March 2nd (3pm EST)

     

  • Arizona Phil 17 hours 38 min ago (view)

    The DFA of Robert Stock to make room for Kyle Ryan coming off the CoViD-related IL wil need to be followed by removing another player on the 40 to make room for Ryan Tepera. 

    It's possible somebody (like a pitcher) is injured to the extent that he might be placed on the 60-day IL, or else maybe somebody else will go on the CoViD-related IL (which is 40-man roster exempt) in the coming days to make room for Tepera.

     

  • Arizona Phil 18 hours 13 min ago (view)

    The Cubs have signed LHSP Ben Holmes (ex-LAD) and RHRP Jose Moreno (ex-NYM) to 2021 minor league contracts. Both were post-2020 minor league 6YFA and neither has been on an MLB 40-man roster.

    Holmes pitched collegiately at Oregon State and has some AAA experience, but Moreno hasn't pitched above Lo-A over the course of seven seasons in the Mets organization.  

     

  • crunch 1 day 3 hours ago (view)

    side note...k.wong is on 1st putting on one of those "baserunning mitts" (hand protection for sliding) that's extending past the length of his hand/fingers by at least 2-3 inches.

    they're going to have to start regulating this piece of equipment if this keeps up...

     

  • crunch 1 day 5 hours ago (view)

    Q with LAA in his debut for them...HBP, a wild pitch, and BB through 7 pitches...then 3 pop-outs to follow.

    blah blah spring training...

    baseball on TV...neat.

     

  • First.Pitch.120 1 day 8 hours ago (view)

    We just traded for Maddux!!!   ......... nope, the other one.

     

  • crunch 1 day 21 hours ago (view)

    yeah, i'm just saying i did consider piling onto it with a troll-level post about the trade...it's practically asking to be written that way.

    jeff passan did it quite well... https://twitter.com/jeffpassan/status/136577746706...

    that said, i had no idea zach bryant existed before today, but his early numbers looked oddly good (which means nothing without context that early in his career).

     

  • Charlie 1 day 21 hours ago (view)

    Oh, I mean the trade. You were quite diligent in posting!

     

  • crunch 2 days 1 hour ago (view)

    i contemplated writing the post totally trolled out as hell with "zach" coming after a wall of text.

    i decided the cubs being cheap was enough pre-season punishment without piling on.

     

  • Charlie 2 days 2 hours ago (view)

    This is a straight up troll 

     

  • crunch 2 days 3 hours ago (view)

    rsox aquiring ZACH bryant from the cubs.

    https://www.baseball-reference.com/register/player...

    ptbn from the josh osich deal.

    totally useless trade...hopefully not a terrible loss.

     

  • Hagsag 3 days 4 hours ago (view)

    Chase Strumpf and Andy Weber invited to the ML camp.

     

  • Dolorous Jon Lester 3 days 10 hours ago (view)

    Ryan Tepera returns. Major League deal

     

  • crunch 4 days 8 hours ago (view)

    spring training TV is usually fluid...adding and subtracting broadcast games...

    first cubs TV (as of now) is March 3 (wednesday) on ESPN at 3pm EST.

    radio broadcasts available for almost every game that's not televised.  the cubs get going on monday and some other teams will start the day before.

     

  • crunch 5 days 4 hours ago (view)

    dj snelton's left elbow is screwed up...6 weeks rest then re-evaluate.

    looks like he's going to try to avoid having surgery.