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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  • Dolorous Jon Lester 7 hours 4 min ago (view)

    I understand why it feels unsettling. I remember the series well (though I, unlike Theo, actually was in high school). Anyway, I view it as a chance to right previous wrongs in the same way we stomped StL out of the playoffs in 2015, or the way the Nationals got to burn through two teams last year that had dumped them out of October in previous seasons.

    But if we lose, of course that was 17 years ago so it's two extremely different organizations.

     

  • Arizona Phil 11 hours 5 min ago (view)

    DJL: All players on Optional Assignment to the minors must be recalled on the day after the conclusion of the MLB regular season, even if the player has not spent at least ten days on Optional Assignment. Players cannot be optioned to the minors again until Spring Training. 

     

  • Arizona Phil 11 hours 26 min ago (view)

    CHAMP: No option year is spent just by calling up a player to MLB. An option year is spent only if a player on an MLB 40-man roster is optioned to the minors for at least 20 days in a given season. 

    Also, Brailyn Marquez is (was) eligible for selection in the Rule 5 Draft in December, so the Cubs were going to add him to the 40 on 11/20 anyway. They just did it a couple of months early.  

     

  • bradsbeard 14 hours 36 min ago (view)

    Not sure if serious, but Theo became the Red Sox GM in 2002. It's true though, there probably aren't many people in the organization besides Ricketts and Crane Kenney who have any strong feelings about that series. 

     

  • Craig A. 15 hours 34 min ago (view)

    I wonder if anyone on the Cubs cares or even remembers the odd events when the Marlins played the Cubs in 2003. I think Theo was in high school. To this old fart it will be more than a little unsettling to watch this post-season match-up. At least we can be fairly certain there will no fans grabbing for foul balls. 

     

  • bradsbeard 19 hours 2 min ago (view)

    Which is kind of annoying. Nobody really picked the Cubs to win this division pre-season. I guess Mattingly gets some credit for guiding the Marlins through their positives but even just letting them play that one game with half the team sick should knock him out of consideration. Meanwhile Ross kept a tight ship and the Cubs has no positives all year. I'd say Ross or Tingler should get it over Mattingly. 

     

  • crunch 20 hours 20 min ago (view)

    cubs finish 34-26 (1st, division)...they play MIA on wednesday.

    good start for d.ross, but the manager of the year is most likely going to d.mattingley (MIA) or j.tingler(SD).

     

  • crunch 20 hours 56 min ago (view)

    ...or he won't make it out of the 8th

    0.2ip 2h 3bb 1k, 5r/er...2 wild pitches

    there's some great stuff in that arm.  mid/high-80s slider, "changeup" around 90mph, fastball 97-99mph...all effortless.  21 years old and never pitched above A-ball.

     

  • crunch 21 hours 2 min ago (view)

    -deleted-

     

  • crunch 21 hours 6 min ago (view)

    rough debut...doubt we're going to see him in the 9th.

     

  • Charlie 21 hours 13 min ago (view)

    Reminds me a little of Jeff Samardzija's debut. Adrenaline throwing straight gas but all over the place. Samardzija threw a fastball all the way to the backstop in his debut (2008).

     

  • crunch 21 hours 16 min ago (view)

    back to back 3-2 count 6-pitch walks.

    he's not in the zone.  he's throwing almost totally fastballs, too.

     

  • crunch 21 hours 16 min ago (view)

    alzolay's gotta be locked in for a start given what he's done lately.

    i wonder what role j.lester will be given.  if he's starting, hopefully he's the 3rd/4th starter, if at all.  someone will probably give him a 2021 contract if he doesn't retire...hope it's not the cubs giving that contract, though.

     

  • crunch 21 hours 20 min ago (view)

    dude's thrown a 97mph and 98mph fastball to start and both looked like he was barely expending effort.

    unfortunately, neither were near the plate.

     

  • Charlie 21 hours 22 min ago (view)

    So, Alzolay gets at least one October start, right? He'd be a weapon out of the pen if the Cubs had more than two believable starters ready.

     

  • crunch 21 hours 23 min ago (view)

    Q goes 2 effective (2ip 2h 1bb 2k, 0r/er) and here comes b.marquez...