The Cubs have signed Paul Maholm to a one year deal for $4.25M with a $500K buyout on a 2013 option worth $6.25M. Pretty cheap for a guy that for his career has been about league average with a career 96 ERA+ (94, 87, 114, 94, 79, 105 counting up from 2006). His walks are a little high for a contact pitcher (3.0 BB/9) and he doesn't strike out too many (5.4 K/9) but keeps the ball in the park (0.8 HR/9 helped surely by PNC's large left field). His good years coincide with his better BABIP seasons. In 2008, he had a .290 BABIP and his best season with 206 IP, a 3.71 ERA (114 ERA+). In 2011, he had a .288 BABIP, that led to a 3.66 ERA (105 ERA+). In his bad years, the BABIP is more in the .320 area, although in all cases he's been in the reasonable BABIP ranges. A good defense will go a long way to help him having a solid season, along with a stiff breeze in my from Lake Michigan.
He did have a shoulder injury that ended his season on August 17th last year, which is presumambly all healed up. It was his only trip to the disabled list in his career.
Overall, nothing more than some pitching depth at a decent price that as a southpaw could have some trade value in July.
In other Cubs news, Kaplan reported that the Tigers and Cubs are "down the road' on trade talks for Matt Garza. It seems the Cubs would have to get Jacob Turner in that deal and at least one other good prospect for it to make sense. Kaplan is also saying that Kerry Wood may depart the Cubs afterall. Kaplan tries to shift the blame on Jedstein for not wanting to pay the going rate for 8th inning set-up men. But the Cubs in 2012 are not really a team that needs to pay a set-up man $4M or so, so it's understandable to not give in to sentimentality. I understand Kerry owes Jedstein nothing and the same goes for Jedstein, but Kerry is the one that proclaimed it's the Cubs or retirement, not it's the Cubs at market value or I'll play for another team. To me, considering his injury history, he shouldn't get more than $2.5M with incentives for games finished and if he can get more from someone else, god speed.