Headlines

Go To Pro Hockey Rumors
Go To Hoops Rumors

Cubs Rumors

Cubs Close To Deal With Kerry Wood

By | at

The Cubs are close to a one-year deal with reliever Kerry Wood, tweets Jon Paul Morosi of FOX Sports.  The contract will include a club option for 2013.  Earlier today, Cubs president Theo Epstein told reporters, "If we can't figure this out, something's wrong."

Wood, 34, was drafted fourth overall in 1995 by the Cubs and stayed in the organization through the 2008 season.  Injuries pushed the hard-throwing Texan to a relief role, and he spent the 2009-10 seasons with the Indians and Yankees.  Wood returned to the Cubs for the 2011 season on a below-market deal with a $1.5MM base salary.  It was suggested he sought a salary closer to market value this time around, and yesterday Cubs GM Jed Hoyer said the team offered Wood a substantial raise.

Wood posted a 3.35 ERA, 10.1 K/9, 3.7 BB/9, 0.88 HR/9, and 35.8% groundball rate in 51 innings for the Cubs last year.  He missed time with a blister, and also saw his season end about a week early due to a torn meniscus in his left knee.  With Carlos Marmol tying for the MLB lead with 10 blown saves last year and Sean Marshall now with the Reds, Wood will be next in line to close for the Cubs if Marmol falters.

Latest On Kerry Wood

By | at

10:38am: The Cubs offered Wood a "substantial" raise, GM Jed Hoyer told reporters today.  Wood had a below-market base salary of $1.5MM in 2011.

9:34am: Kerry Wood's "days as a Cub appear all but over," writes Dave Kaplan of CSNChicago.com after talking to a source with knowledge of the reliever's negotiations with the team.  Kaplan quotes his source:

"Woody wanted to be here despite the rebuilding process but while the Cubs were saying they wanted him back they were unwilling to pay him the market value for a solid set up man.  He has heard from a number of teams that are World Series contenders and they are all willing to pay him a very fair salary to strengthen their bullpen. The Cubs expected him to pitch for another hometown discount. He has already done that for them a couple of times before. There is no reason that he should have to do that again."

Wood told Kaplan last night on WGN Sports Radio that his family plans on staying in the Chicago area for a long time whether or not he finishes his career with the Cubs.  Last week Cubs president Theo Epstein said he was "actively involved in negotations" to bring Wood back, noting, "I think this one should work out."  If Epstein and Wood fail to find common ground, Kaplan says the Tigers, Phillies, Reds, Angels, and others are interested.

Cubs Sign Paul Maholm

By | at

The Cubs' revamped rotation has gotten deeper, as they've officially signed lefty Paul Maholm to a one-year, $4.75MM deal that includes a 2013 club option for $6.5MM with a $500K buyout.  He can earn up to $550K in incentives each year, tweets Ken Rosenthal of FOX Sports.  With Matt Garza, Ryan Dempster, Chris Volstad, Travis Wood, and Randy Wells already on the club, the new Cubs management has accumulated much-improved rotation depth.  The Maholm signing isn't a precursor to another move, GM Jed Hoyer told reporters today.

Maholm

As a member of the Pirates for seven seasons, Maholm has logged 64 career innings at Wrigley Field. The 29-year-old posted a 3.66 ERA, 5.4 K/9, 2.8 BB/9, 0.61 HR/9, and 49.9% groundball rate in 162 1/3 innings for the Bucs in 2011. I ranked him as the ninth-best free agent starter in October. Maholm, a Bo McKinnis client, had his 2011 season cut short in August due to a shoulder strain. After the season the Pirates chose a $750K buyout over his $9.75MM club option.

So far this offseason Cubs president Theo Epstein and GM Jed Hoyer have signed David DeJesus, Reed Johnson, Manny Corpas, and Andy Sonnanstine via free agency. They've added Ian Stewart, Casey Weathers, Ronald Torreyes, Dave Sappelt, Wood, Volstad, Zach Cates, and Anthony Rizzo via trade.

Bruce Levine of ESPNChicago first reported the near-agreement, with Paul Sullivan of the Chicago Tribune adding contract details.  Mike Axisa contributed to this post. Photo courtesy of Icon SMI.

Cubs, Tigers Talking Matt Garza

By | at

7:41pm: On Twitter, Kaplan clarifies that "down the road" means trade talks between the two teams have progressed "far beyond" the initial stages. Kevin Goldstein of Baseball Prospectus hears that the Tigers are willing to talk about Turner, but they are far more reticent when it comes to third base prospect Nick Castellanos (Twitter link).

5:52pm: The Cubs and Tigers are “down the road” in talks about a deal that would sent Matt Garza to Detroit for a package of prospects, according to David Kaplan of CSNChicago.com. The Yankees, Red Sox and Blue Jays have also expressed serious interest in Garza, Kaplan writes. However, the Yankees aren’t comfortable with the Cubs’ asking price despite their “tremendous” interest in the right-hander. 

The Tigers appear to be willing to meet the Cubs’ asking price of multiple highly-regarded prospects, according to Kaplan. Ken Rosenthal of FOX Sports reported last week that the Tigers could move right-handed pitching prospect Jacob Turner in the right deal.

The Cubs are nearing a deal with free agent left-hander Paul Maholm. Ryan Dempster, Chris Volstad, Travis Wood and Randy Wells could fill the team’s rotation out and make Garza available. He’s under team control through 2013 and figures to earn $9MM or so in 2012 through arbitration.

Cubs Close To Deal With Paul Maholm

By | at

11:26am: The Cubs are close on Maholm, tweets Ken Rosenthal of FOX Sports.

10:59am: The Cubs and free agent lefty Paul Maholm are trying to work out an agreement, tweets Bruce Levine of ESPNChicago.  Maholm has been linked to several other suitors this offseason, but most have since added starters.

The Cubs' current projected rotation has Matt Garza, Ryan Dempster, Chris Volstad, Travis Wood, and Randy Wells, perhaps with Andy Sonnanstine and Casey Coleman in the mix for the fifth starter job.  In theory, signing Maholm could give the Cubs the depth to move Garza, even if Maholm is more of a back-end guy.

Phillies Interested In Kerry Wood

By | at

11:04pm: The Cubs and Wood can't agree on the money or the length of a contract, writes Bruce Levine of ESPNChicago.  Wood seeks around $4MM, writes Jim Salisbury of CSNPhilly.com.  The big righty told NBC-5 Chicago he'll make a decision by Friday, which also marks the start of the Cubs Convention. 

6:08pm: The Cubs and Phillies have expressed the strongest interest in signing Wood, according to Jon Paul Morosi of FOXSports.com.

1:50pm: Late last week Kerry Wood appeared to be working toward a one-year deal to return to the Cubs, but we soon heard that it was far from done and that Wood is still in talks with several teams about a 2012 contract. The Phillies could be one of those teams based on these two tweets from ESPN's Jerry Crasnick, who reports that Philadelphia has Wood on their radar but their interest could be contingent on the health of Jose Contreras.

The 40-year-old Contreras had season-ending elbow surgery in August after appearing in just 17 games (14 innings of work) for the Phils last season. He compiled a 3.86 ERA and 8.4 K/9 but struggled with his control, walking eight and hitting a batter in those 14 innings. Wood, on the other hand, whiffed 10.1 per nine over 51 innings of 3.35 ERA ball with the Cubs, with a more reasonable 3.7 BB/9.

The Phillies lost Ryan Madson and Brad Lidge both to free agency this winter. They pounced early to replace Madson by signing Jonathan Papelbon. Wood would represent an affordable option to set-up for Papelbon. As Crasnick notes in a final tweet, the allure of playing for a contender may have more appeal than the Cubs' rebuilding philosophy under the new front office headed by Theo Epstein and Jed Hoyer.

Cafardo On Red Sox, Soriano, Madson, Mahay

By | at

Within this week's Sunday Baseball Notes, Nick Cafardo of the Boston Globe reported that Kevin Cash has decided to end his playing career. Let's take a look at a few other notes Cafardo shared in his column….

  • Addressing the starting rotation, Red Sox GM Ben Cherington says the team may "buy low on some guys and create a competition in camp." One buy-low candidate the Sox are known to be eyeing is Paul Maholm. Cafardo expects the former Pirate to sign a one-year, incentive-laden deal somewhere.
  • The Red Sox may also have Joe Saunders on their radar. One NL scout weighed in on the southpaw: "You'd be afraid that he'd give up some homers at Fenway. But on the other hand, when you've got a guy who can pitch 200 innings from the No. 4 spot in your rotation, I'm telling you, that is effective because that's one of the bullpen spots in the rotation. I mean, that's where you normally believe you have to use a lot of your pen, and if a guy like that saves you, that's important."
  • The Cubs are willing to absorb most of the $54MM remaining on Alfonso Soriano's contract in order to facilitate a trade.
  • According to Cafardo, many teams, including the Red Sox, Cardinals, and Rays, will become more interested in Ryan Madson if and when his asking price drops. I have my doubts that Madson will become inexpensive enough for the Rays to get too involved.
  • 40-year-old lefty Ron Mahay says he feels great and intends to continue his pitching career. Mahay recorded a 3.44 ERA in 34 innings for the Twins in 2010, but couldn't crack the big league roster for the Dodgers, Diamondbacks, or Cardinals in 2011.

Olney’s Latest: Red Sox, Fielder, Cubs, Mariners

By | at

In today's Insider-only blog post, ESPN's Buster Olney wrote about how Daniel Bard's potential transition to rotation could turn the Red Sox's staff from a question mark into a strength. He says they will look to add a starter or two via free agency as the asking prices drop, and notes that the Yankees are taking a similar approach. Here are the rest of Olney's rumors…

  • The acquisition of Anthony Rizzo changes nothing for the Cubs and their pursuit of Prince Fielder. Olney calls it an "apples and oranges" situation given the price tag of the two players. The Cubs' brass has been acting with zero urgency in talks with Fielder, and they've always been leery about giving him a long-term deal.
  • The team most interested in Fielder — and most willing to pay big — might be the Mariners. Whether or not he wants to play in Seattle is another matter.
  • Baseball officials as well as some in the union are under the assumption that the playoff field will be increased to ten teams in 2012. Playoff expansion will happen in 2013, but the new collective bargaining agreement gives the league the option of putting it in play this year.

This post has been corrected to say that the Mariners "might be" the club most interested in Fielder, not that they are.

Cubs, Kerry Wood Progressing Toward One-Year Deal

By | at

9:38pm: A potential deal between Wood and the Cubs is "far from done," a source tells ESPN's Jerry Crasnick (Twitter link).  Wood is in talks with "multiple teams" about a 2012 contract.

12:29pm: The Cubs and free agent reliever Kerry Wood are making progress on a one-year, Nick Cafardo of the Boston Globe tweets. The Cubs and the SFX client have not completed a deal, however.

President of baseball operations Theo Epstein recently said he'd be greatly disappointed if the Cubs don't re-sign Wood. The right-hander signed a below-market $1.5MM deal last offseason but is said to want a market value deal this winter. Wood posted a 3.35 ERA with 10.1 K/9, 3.7 BB/9 and a 35.8% ground ball rate in 51 innings for the Cubs in 2011. He's 34, but remains a flamethrower; his average fastball checked in at 94.4 mph last year.

NL Central Notes: Cubs, Rizzo, Cardinals, Lee, Heisey

By | at

Here's the latest from the NL Central…

  • Cubs GM Jed Hoyer wants to add more depth to his pitching staff, reports MLB.com's Carrie Muskat.  "At this point, we're still very much in the process of gathering as many quality arms as we can, and we'll put those pieces in place as we get closer to Spring Training," Hoyer said.  "We have worked hard, and we continue to work hard, and hopefully we'll have even more starting-pitching acquisitions….We want to go seven, eight, nine deep in the rotation and we hope to replenish the bullpen as well."
  • ESPN's Keith Law gives the Cubs the "slight edge" in today's Anthony Rizzo-for-Andrew Cashner trade.  Law says he would rather have Rizzo than Yonder Alonso, who the Padres acquired from the Reds last month as part of the package for Mat Latos.
  • The Cardinals announced Derek Lilliquist will become the team's new pitching coach, with Dyer Miller taking Lilliquist's old job as bullpen coach.  The moves may or may not be permanent as former pitching coach Dave Duncan is on an indefinite leave of absence to be with his wife, who underwent brain surgery last August. 
  • The Pirates have shown some interest in bringing back Derrek Lee but "the first baseman doesn’t seem to have reciprocated that interest," writes MLB.com's Jenifer Langosch.  Of the five remaining Pirate free agents, Langosch thinks only Paul Maholm has a chance of returning, but the Bucs will likely be outbid by one of Maholm's several other suitors.
  • Incumbent Reds left fielder Chris Heisey talks to John Fay of the Cincinnati Enquirer, who thinks Heisey has earned "a long trial" at the everyday job.  The Reds have recently been connected to free agent outfielders Rick Ankiel, Ryan Ludwick and Cody Ross.
  • The Reds have announced the signings of catcher Corky Miller and left-hander Jeremy Horst to minor league contracts with invites to the Major League spring training camp.  Miller, a 10-year veteran, was originally drafted by the Reds in 1998 and has spent the last three years in Cincinnati's system.  Horst, 26, made his Major League debut last season with the Reds, posting a 2.93 ERA in 12 relief appearances.  Previously-announced signings Brian Esposito, Sean Gallagher, Daryl Jones, Chad Reineke, Clayton Tanner and Kanekoa Texeira were also confirmed as non-roster invitees.
Show all

MLB Trade Rumors is not affiliated with Major League Baseball, MLB or MLB.com

Do not Sell or Share My Personal Information

hide arrows scroll to top