Ken Rosenthal reports that the Cubs have signed southpaw Ted Lilly to a four-year, $40MM contract. Lilly will turn 31 in January. The Cubs’ rotation now looks something like this:
Carlos Zambrano
Ted Lilly
Rich Hill
New Guy
Mark Prior/Wade Miller
The price isn’t too bad; I thought Lilly could’ve snagged as much as $12MM annually if he waited longer.
A month ago I had a full writeup of Lilly here at MLBTradeRumors. Check it out.