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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  • erich081 4 hours 19 min ago (view)

    Brach in during a one run game where the ball seems to be flying out of the park? I too like to live dangerously.

     

  • Eric S 4 hours 35 min ago (view)

    Robel’s 454 foot splashdown - 6th longest homer by a Cub this season

    https://twitter.com/cubs/status/1153486434659119104?s=21

     

  • Arizona Phil 5 hours 59 min ago (view)

    RHP Aneuris Rosario (2014 IFA - Dominican Republic) has been reinstated from the Disqualified List. Now 24, Rosario spent four seasons in the DSL (2014-17) and was the one-time closer for DSL Cubs #1. He hasn't pitched since 2017.  

     

  • Charlie 6 hours 20 min ago (view)

    Last hurrah as a starter before the Cubs trade for an outfielder who gets on base?

     

  • crunch 7 hours 19 min ago (view)

    i wonder why almora's started almost every game the past week+, especially since he's sucked at it...and he even got to hit leadoff for a game or 2.

     

  • Charlie 7 hours 47 min ago (view)

    Oof. Almora and Maldonado as starters is going to be rough on the offense. Better hope for at least a Garcia triple.

     

  • crunch 8 hours 33 min ago (view)

    schwarber / baez / bryant / rizzo / garcia(2nd) / heyward / almora / maldo / a.mills

    ham gets a AAA rehab start tomorrow.  also, i could do with less almora.

     

  • QuietMan 14 hours 49 min ago (view)

    Edwards optioned to Iowa per Jesse Rogers,

     

  • George Altman 15 hours 3 min ago (view)

    Yeah.....yeah. I think I'm good too. Put him and Strop in the Shawn Greene deal.

     

  • Mike Wellman 17 hours 12 min ago (view)

    I feel like I've already waited & seen enough of CEJ...

     

  • Dolorous Jon Lester 17 hours 33 min ago (view)

    Not as much as it makes his stomach tighten!

    i dont think we should trade him. We would get nothing of value back. But I don’t think he should be a bullpen piece on a playoff contender either. He should be in Iowa. Reassess where he’s at for September and next year. If they don’t like what they see, non-tender.

     

  • Charlie 18 hours 6 min ago (view)

    Cheap may not be the right word, but has put up reasonable value per dollar compared to other relievers prior to this ear.

    He accrued 2.9 bWAR 2017-2018. Strop put up 3.2 bWAR during the same period. Edwards is making $1.5M this year. Strop is making $6.25M. He'll get a bump again this offseason even if he doesn't rebound in the second half, of course. I just don't see a need to trade him unless the Cubs are being offered value in return.

    That said, it does make my stomach knot up a bit when I see they are bringing him into a close game.

     

  • Arizona Phil 1 day 1 hour ago (view)

    Carl Edwards Jr will be out of minor league options next season (2020), and he will (once again) be arbitration-eligible post-2019 (he was "Super Two" arb eligible post-2018) and he will be a FA post-2022. 

     

  • crunch 1 day 7 hours ago (view)

    cubs lose, cards win, brews win.

    boo.

     

  • Dolorous Jon Lester 1 day 9 hours ago (view)

    I think this is his last option year. And he’s not as cheap as you’d think, he’s a super two qualified player this year.

     

  • Charlie 1 day 9 hours ago (view)

    Edwards is frustrating at times. Some of that frustration comes from thinking he could be much better than he currently is. But prior to this year (in which he has pitched very few innings), he's overall been an OK relief pitcher in the majors. I'm happy to wait and see on him for quite a while. Still has an option and is cheap, right?