Cubs Finally Sign Floyd

After weeks of being close, the Cubs have signed outfielder Cliff Floyd to a one-year deal with a mutual option for ’08.  The AP has the terms.  It’s $3MM guaranteed, with bonuses that can bring it to a maximum of $17.5MM over the next two seasons.   

The homecoming was a long time coming as Jim Hendry has had various ties to Floyd for many years. He hoped to acquire him for Sammy Sosa in ’04.

Floyd will make a solid fourth outfielder for the Cubs.  His signing doesn’t leave much room for uber-prospect Felix Pie, but Jacque Jones could still be traded.

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