Pedro Martinez Worked Out For Rays, Cubs

8:03pm: Nick Cafardo of the Boston Globe reports that "a source close to Pedro Martinez indicated" that the Cubs have watched him throw as well. According to Cafardo, the source indicated that "both teams have begun to at least explore how much money it would take" to add Martinez to their rosters.

Carfardo adds that Martinez was throwing his fastball at around 94 mph.

7:32pm: Marc Topkin of the St. Petersburg Times confirms that a Rays staffer watched Pedro throw 20 fastballs, but writes, "Word is that it is 'very unlikely' anything will come of it." Topkin adds that Pedro's workout "may have been as much about getting his name out there as anything."

5:23pm: Multiple news outlets are reporting that the Rays watched Pedro Martinez work out. MLBTR does not normally link to material on Listin Diario (Spanish) or Herald de Paris, but both suggest the Rays watched the free agent righty work out.

Michael Weber, a producer for WTSP 10 in St. Petersburg reports through Twitter that the Rays confirmed they had someone "watch Pedro" (Hat Tip: Rays Index).

Marc Lancaster of the Tampa Tribune writes: "I've heard that one of the Rays' officials in the Dominican who has known Pedro for a while just watched him work out, but it doesn't sound like the team expects anything to come of it."

Check out Rays Index for the full chronology and analysis.  My question: could Martinez perhaps contribute out of the bullpen?

Rangers Sign Orlando Hernandez

7:10pm: According to Stephen Hawkins of the Associated Press, Rangers GM Jon Daniels says Hernandez is in "great shape." "We like what we've seen," Daniels said. "He's healthy. He's throwing the ball well. He's motivated to come back."

Daniels added that there is no timetable for when Hernandez might pitch for the Rangers.

3:44pm: According to MLB.com's T.R. Sullivan, the Rangers signed Orlando Hernandez to a minor league deal. El Duque is now 39 and he hasn't pitched in the major leagues since 2007, when he was with the Mets. Hernandez, best known for his playoff success, collected most of his 90 career wins with the Yankees. 

He'll be assigned to Triple A Oklahoma.

Odds And Ends: Fields, Grilli, Boras, D’Backs

Some links for Thursday evening…

  • Josh Fields told MLB.com's Scott Merkin that he had a "blunt and straightforward" meeting with Ken Williams about his place on the White Sox.
  • Mark Gonzales of the Chicago Tribune reports the White Sox drafted their GM's son, Tyler Williams, and Harold Baines Jr..
  • Jason Grilli was recently dealt to the Rangers and now he's working on a deal of his own. According to his Twitter, Grilli plans to exchange "cash or an item to be named later" for number 49.
  • Gavin McCourt, the son of Dodgers owner Frank McCourt, was drafted by the Red Sox. The 39th round pick says Scott Boras wouldn't fit into his "family dynamics," so his dad will represent him, according to the LA Times .
  • Scott Bordow of the East Valley Tribune believes it's time for the Diamondbacks to sell, beginning with Felipe Lopez and Doug Davis.
  • And I'll be talking baseball on 590 KFNS in St. Louis tonight at 11pm CST, so tune in if you're in the area. If not, you can always listen online.

Discussion: Should MLB Limit Signing Bonuses?

There is no hard limit on the bonuses teams can award the players they draft, just a recommended capESPN.com's Buster Olney reported yesterday that some GMs wonder whether the draft actually helps bad teams. As he says, the Padres knew how good Justin Verlander was when they chose Matt Bush instead, they just wanted a signable player. 

Can we improve the game by limiting the bonuses amateur players can receive? Changing the current system would be complicated and controversial, as Scott Boras and others don't want restrictions on the bonuses they can negotiate for their clients (Stephen Strasburg comes to mind). So what would happen if MLB limited bonuses?

  • Such a change would transfer money and power to teams from amateur players and their agents.
  • Teams would be more likely to select the most talented players, instead of going for a combination of talent and signability.
  • Players like Rick Porcello would be less likely to slide, since teams would be less wary of the bonuses they might demand.  
  • Agents would receive less money when brokering deals for their amateur clients. 
  • There wouldn't be nearly as much drama and uncertainty surrounding the negotiatons. 

Is it in the best interest of the game to restrict player bonuses? Some would do away with the draft altogether. Or should we leave the current system alone and just enjoy the games?

Draft Roundup: Late Picks, Strasburg, Purke

Time to pass along some more links, including some noteworthy selections late in the draft…

Stark On Rockies, Angels, Pierre

In his latest article, Jayson Stark also discusses the many Rockies and Angels thought to be available. Here are the latest rumors:

  • The Phillies are "hunting quietly" for right-handed outfielders. Ryan Spilborghs is on their radar.   
  • One official said Dan O'Dowd would consider moving "anyone" on the Rockies.
  • The Rangers are believed to be watching Huston Street closely.  
  • Jason Marquis could become available too, but some think the Rockies should hang on, given his success. 
  • The Angels seem willing to listen on Mike NapoliJeff Mathis and their entire infield, which consists of Kendry Morales, Howie Kendrick, Erick Aybar and Chone Figgins.
  • They appear to have interest in young, high-upside pitchers, which could mean they're unsure they'll re-sign John Lackey after the season. 
  • The Dodgers are "sending out signals" that Juan Pierre could be available when Manny Ramirez returns. It's unclear whether the Dodgers would pick up any of the $15MM or so remaining on Pierre's contract.  
  • Among top starters, Erik Bedard is "most frequently connected with the Phillies," but many people around baseball doubt he would fit in Philadelphia.
  • Phillies prospects Lou Marson and Michael Taylor are likely available, but J.A. Happ, Antonio Bastardo, Dominic Brown, Kyle Drabek, Jason Knapp, Jason Donald and Carlos Carrasco would be much harder to acquire.
  • One scout thinks the Pirates may have acquired three future stars for Nate McLouth  

Stark: What If The Nats Could Deal Strasburg?

ESPN.com's Jayson Stark determines how much Stephen Strasburg would be worth on the trade market if the Nats were allowed to deal him. Stark has an assortment of other rumors that will come soon in another post, but for now, some thoughts on Strasburg:

  • One NL exec wouldn't want to trade centerpiece players for Strasburg even if it was allowed, because pitchers aren't as reliable as position players.
  • Another executive said it would be hard to know how much to give for Strasburg when you don't know how much he's going to earn.
  • One official said he'd give up "three or four very good prospects" for Strasburg.  
  • A fourth exec said there's no way he'd give up an "everyday, impact, big-league player" like Adam Jones.
  • He reasons that Jones would have been the first overall pick in the draft this year if he'd somehow been eligible.  
  • Trading picks would enable the Nationals to avoid difficult negotiations with Scott Boras and allow them to get something immediately for giving up the rights to Strasburg.  

Players To Be Named Later

Here's another term for the MLBTR glossary

Players to be named later must be named within six months of the trade they're a part of. They tend to be minor leaguers, as they cannot have spent time in the major leagues between the day the trade is announced and the day it is completed. Here are a couple instances in which the PTBNL can be useful:

  • The teams are only sure about half of the exchange, but they want to deal right away.
  • The clubs agree that the PTBNL will be chosen from a set list of players.   
  • Once a draft pick signs, he can't be traded for a year. If teams want to deal recently-drafted players, they can complete part of the deal and name the final player once he's eligible to be traded. 
  • Instead of naming a player, teams can exchange money to complete a deal.   
  • For example, Jeff Keppinger was dealt for a PTBNL in 2009.

Thanks to Cot's Baseball Contracts.

Odds And Ends: Indians, Ryan, Red Sox

More links for the afternoon…

Cardinals Interested In Miguel Tejada

Joe Strauss of the St. Louis Post-Dispatch reports that the Cardinals "expanded their search for an additional hitter to include" Miguel Tejada. Since Troy Glaus is out for a while and Khalil Greene is still rehabbing, Tejada could fit on the left side of their infield and provide some offense.

So far he's leading the league with a .355 batting average to go along with an OPS of .899. Though some see Tejada as a third baseman, he has never actually player third in the major leagues. He makes $13MM this year before becoming a free agent after the season. 

ESPN.com's Buster Olney weighs in, saying he doesn't think the Astros, or any team owned by Drayton McLane would deal a key player to a division rival.