Cubs’ Payroll Higher Than Expected

According to Gordon Wittenmyer of the Chicago Sun-Times, Cubs CEO Crane Kenney said today that the team’s 2009 payroll exceeds $140MM.  The Chicago Tribune’s Paul Sullivan said Kenney wouldn’t give a payroll figure, but his sources indicated it might be in the $140-145MM range.  By Wittenmyer’s calculations, the Cubs have about $133MM likely to be committed to the current group.

Wittenmyer adds that the Cubs would be willing to eat as much as $4MM of Jason Marquis‘ $9.875MM salary to move him.  If the Cubs were to add Jake Peavy after that, they’d be around $138MM.  They could then squeeze in their coveted left-handed hitting outfielder.

Wittenmyer says the Cubs are still interested in Peavy, and talks with the Padres will resume Sunday in Vegas.  Ken Rosenthal wrote a day ago that the Cubs were putting the Peavy pursuit on hold until they added the left-handed hitting bat.

Wittenmyer reports that Kenney said he expects the Cubs’ sale to close by Opening Day.  Sullivan has Kenney saying it should be done by spring training.


blog comments powered by Disqus