12:35pm: Levine now reports that the Cubs have signed Johnson. For a team focused on winning now, it's not a bad move. Only drawback might be the Murton situation. Meanwhile, Evan Grant says the Rangers reduced their demands for Marlon Byrd but the Cubs still decided to pass.
11:41am: It's all Reed Johnson, all the time here at MLBTR. Bruce Levine of ESPN 1000 says the Cubs will make a contract offer to Johnson once he clears waivers about twenty minutes from now. Cubs GM Jim Hendry has already been in contact with Arn Tellem, Johnson's agent. Matt Murton might be the odd man out if the Cubs complete the signing. I'll update this post if more info rolls in today.
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