FRIDAY, 2:15pm: Wittenmyer hears that the deal is worth $7.5MM. The Cubs have officially announced it.
9:47am: Paul Sullivan of the Chicago Tribune reports that the Cubs have agreed to sign Grabow to a two-year deal. Sullivan's sources say the deal could be announced today.
8:13am: The Cubs are nearing an agreement with lefty John Grabow on a two-year deal, according to Bruce Levine of ESPNChicago. It wouldn't be a surprise to see the two sides finalize a deal soon; we heard last week that an agreement wasn't far off.
Levine reports that the deal will be worth nearly $7.5MM over two years. His source says the deal should be completed today. Grabow struck out 7.1 per nine innings and walked 5.0 per nine with the Pirates and Cubs last year for a 3.36 ERA.