Looks like I didn’t miss too much while I was on vacation last week – the Cubs offered Aramis Ramirez and Carlos Pena arbitration before the required deadline – yippee!
Ramirez is clearly gone, so I guess it is a good move. Ramirez is a Type B Free Agent, so if he signs with a different team this winter, the Cubs will get a sandwich pick in the June amateur draft from the team that signs him. There is little to no chance that Ramirez accepts arbitration before the December 7th deadline since he is the top 3rd baseman free agent on the market, so it looks like the Cubs will get a sandwich pick next year. If for some odd reason he did go to arbitration he would likely get somewhere around $17-18 million for the season.
Pena, on the other hand, is a little bit trickier. The Cubs paid Pena $10 million for his services in 2011. Pena led the team with 28 home runs, and while he is looking for a long-term deal like Ramirez, there may not be too many clubs out there looking to sign the 33-year old long-term. Pena could go to St. Louis or Milwaukee if Albert Pujols or Prince Fielder depart for greener pastures. The Cubs will likely be in the mix for Fielder, especially with about $50 million coming off the books with the departures of Ramirez, Pena, Carlos Silva, Kosuke Fukudome and John Grabow and a potential trade of Carlos Zambrano which will free up cash after the 2012 MLB season ends.
The Cubs did not offer arbitration to Kerry Wood, Reed Johnson, Ramon Ortiz, Rodrigo Lopez or Grabow. I bet Wood comes back on a one-year basis for as long as he wants to pitch. Not so sure about any of the other guys, but I doubt it given the new management in place.
Let’s hope Theo, Jed and Dale are all hunkered down figuring out the next step in the process…