In the move that anyone could have predicted once the Cubs missed out on Tanaka, they have come to terms on a deal with RHP Jason Hammel. The 31-year old hasn't had much of a career to-date between Tampa, Colorado and Baltimore (94 ERA+), but his stuff has always been heralded and he did have a very nice 2012 for the Orioles(123 ERA+). It'll be another hopeful reclamation project for the Cubs and they did quite well with Paul Maho
Archive - 2014
You've heard the news by now, that Theo's white whale got away, snatched up from the open sea by his old nemesis the S.S. Yankees. The contract numbers are absurd (7 years/$155M, opt out after 4 years), but we knew that eyeball popping was going to be required once the dust settled. There's been no confirmation that the Cubs were willing to be as absurd, although the whispers from Peter Gammons and Jeff Passan seem to indicate that no one was all that close to the Yankees offer. That being said, we're not sure how much back and forth there were in these negotiations either or what the final push was for Tanaka to pick New York over the other clubs. It may have been simply the money, maybe the glory of Yankee pinstripes, maybe the city of New York, maybe a combination of all three. What we do know is that the consolation prize (most likely) is either Paul Maholm or Jason Hammel and you kind of hope that the Cubs just don't even bother going back to pick either one up.
It's a little less than 4 days before Decision Tanaka is due and nobody knows nothing except that everybody seems to need speculate on something. Bruce Levine reported that the Cubs will not be outbid. Gordon Wittenmyer said that's rubbish and Cubs remain a longshot. Jayson Stark kept hearing from important baseball people that the Cubs were going to make a splash and so on and so on.
An unsigned player under club control who has accrued at least three but less than six years of MLB Service Time is automatically eligible for salary arbitration. Also, any unsigned player with at least two years but less than three years of MLB Service Time who accrued at least 86 days of MLB Service Time the previous season can qualify for salary arbitration as a so-called "Super Two" if the player is among the top 22% in MLB Service Time of players in that group.
If a club and a player eligible for salary arbitration cannot agree on a contract, the player can request the Major League Baseball Players Association (MLBPA) to file for salary arbitration.