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Cubs get comp pick as Pena signs with Rays

Cubs get comp pick as Pena signs with Rays

Carlos Pena had one season in Chicago but he quickly became popular with the fans and his teammates.  He also had a fairly productive season at the plate while saving Starlin Castro quite a few throwing errors.

There is no doubt he'll be missed.  Pena signed a one year, $7.25M deal to go back to the Tampa Rays.

As Cubs fans, though, most of us have come to terms with the fact that this team is building a new foundation and that the need for older veterans is taking a back seat to younger cheaper, long-term players with upside.  In a different world, Pena may have fit in as a stopgap solution to top 1B prospect Anthony Rizzo, but these Cubs could use the compensation pick more and they have an stopgap alternative in Bryan LaHair.  The decision to let Pena go was a foregone conclusion from day one.

The Cubs are expected to get the #56 pick in the draft in exchange for Pena, one of 4 top picks within the top 68 that they'll have in the upcoming MLB June Draft.  Without the ability to go over slot, having multiple top picks is a key to the Cubs ability to continue rebuilding their farm system.  With money out of the equation, the key now is to out-scout other teams and get value out of those picks.

On a different note, the signing also takes one more bat out of the market as teams like the Tigers look for a DH type.  The Rays were never going to trade for Soriano, so this helps the Cubs a little in that pursuit as welll.

Filed under: compensation, Cubs, Draft

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  • fb_avatar

    That is one less DH candidate for Detroit. Soriano to Detroit....

  • In reply to Louie101:

    That's what I'm hoping!

  • In reply to John Arguello:

    Somewhere I read that a team wanted the Cubs to pickup
    %95 of his salary. I say do it

  • In reply to emartinezjr:

    Wow...95%, that's not much better than just releasing him, we're talking 2.7M over 3 years.

  • In reply to John Arguello:

    In other words, saves the Cubs about 1.5M.

  • In reply to John Arguello:

    John
    If Soriano plays all of 2012 with the Cubs & his trade value doesnt improve, do you see the Cubs cutting ties next off season (or sooner) & buying out his final $36mm spread out over a number of years? There has to be some breaking point where they just eat the money.

    I just hope he has a good 1st half & has some value to some team at the deadline.

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    I can totally understand this signing from the Rays perspective. He is a recently known quantity to them, and he will be a steadying influence in what will likely be another young Rays' team. Good pickup by Friedman.

    I also have no doubt that Team-Theo will make the most out of those 4 draft picks.

  • In reply to Michael Caldwell:

    I think it's a great signing for them. Makes a lot of sense on all kinds of levels. Works for Cubs too. Win-win!

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    In reply to John Arguello:

    Agreed!

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    Non-thread related, but there is a mystery team being rumored to have gotten involved in the Garza talks. Could this be Cubs people trying to stoke the fire, or has an unexpected team really gotten involved?

  • In reply to Michael Caldwell:

    I've always thought the Royals would jump in and pounce on the Tigers misfortunes.

  • In reply to John Arguello:

    I have been thinking that too. Also it appears the Indians have lost a SP for the season in the Fausto what's his name debacle. To me, the time for KC is now to strike, and they have a good farm system to get the job done.

  • In reply to bwenger:

    KC has a great farm system. Indians less exciting. They've given up their best prospects for Ubaldo.

  • In reply to John Arguello:

    Sorry, I meant to say the time for KC to strike is now because both Cle and Det were struck blows this week. I don't think Cle has any interest in Garza with his salary and for the prospects he would cost.

  • In reply to bwenger:

    Oh...I see that now. You have to think the Royals at least see some opportunity here and have mulled over the possibility. They'd be a very interesting trade partner. Deep enough not to have to give the Cubs their top 2 or 3 prospects and still give us a better haul than a lot of teams.

  • Unfortunately, I think this pick will drop a few more slots. Guys like Betemit, Cordero and Edwin Jackson have yet to sign and they are ahead of Pena in the Elias rankings. I don't think Derrek Lee has signed yet and he is ahead of Pena as well.

    Don't get me wrong, I'm happy that the Cubs are getting a compensatory pick for Carlos. I just wish his stats would have brought his ranking up a few more slots.

  • In reply to Alex:

    Just estimating the picks for now, whatever it winds up being should be a decent pick. Not too much certainty in the MLB draft after the first half of the first round so it becomes more of a matter of doing a better job of scouting.

    And how the heck is Betemit rated higher than Pena?

  • In reply to John Arguello:

    I don't know what kind of East Coast math these guys are using, but there are several players that I question as "Type B" free agents.

    Betemit's inclusion as a Type B is definitely a head-scratcher. How Pena is behind him on the list is beyond me.

    Cody Ross is even MORE dumbfounding as a Type B free agent. How are Ross' stats the last 3 years better than Pena's.

    It is what it is.

    Disregard my post below. I just noticed that I forgot to hit the reply button before I posted.

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    Toronto Blue Jays Top 20 Prospects

    http://www.minorleagueball.com/2011/11/30/2601596/toronto-blue-jays-top-20-prospects-for-2012#storyjump

    Kansas City Royals Top 20 Prospects

    http://www.minorleagueball.com/2011/10/15/2490676/kansas-city-royals-top-20-prospects-for-2012

  • In reply to Michael Caldwell:

    A couple of good deep systems, there.

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    In reply to John Arguello:

    How about Garza to the Royals for Will Myers, Jake Odorizzi, Mike Montgomery and Chelsor Cuthbert?

  • In reply to Michael Caldwell:

    I'm all for it. Would be a huge win for the Cubs.

  • In reply to John Arguello:

    John.. You haven't started drinkin' early yet, have you.. I thought the Meetup was tomorrow. :)

    While we're at it, lets have the Royals throw in Starling on top of that.. THEN, we've got a deal

  • In reply to Alex:

    Ha! No drinking yet ;) Saving that for tomorrow night! I don't think it would actually happen...but I'm still all for it. Would be happy if we just got Montgomery and Cuthbert.

  • I don't know what kind of East Coast math these guys are using, but there are several players that I question as "Type B" free agents.

    Betemit's inclusion as a Type B is definitely a head-scratcher. How Pena is behind him on the list is beyond me.

    Cody Ross is even MORE dumbfounding as a Type B free agent. How are Ross' stats the last 3 years better than Pena's.

    It is what it is.

  • In reply to Alex:

    It's a bad system and thank goodness it's being thrown out with the new CBA. That was one of the highlights.

  • At the trade deadline last season, the Yankees expressed an interest in Pena. Does anyone remember if there were rumors of any Yankees prospects named?
    Just curious to compare the future of the Yankee prospect vs. next year's no. 56 draft pick. It seems the Cubs did the right thing keeping Pena and getting the draft pick.

  • In reply to Rosemary:

    Interesting thought. Knowing the Yankees M.O. lately, they were probably trying to get him for a song. I'd bet on the supplemental pick having much higher prospect value than what they were offering.

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    Cespedes HR video, he hit one in Winter Ball.

    He looks like a juicer to me, which is another reason to stay away. Classic Juicer Body. Steroids are rampant in the DR, I believe even legal? So he can juice up and sign a crazy contract in MLB, then either fail a drug test or get off the junk, deflate to normal size, and not be the player he is that's amazing scouts with Sammy Sosa-esq HR's.

    http://blogs.sun-sentinel.com/sports_baseball_marlins/2012/01/video-miami-marlins-target-yoenis-cespedes-hits-first-winter-league-homer.html

  • Signing Matt Tolbert does not fit Epstein/Hoyer thought process...Any thoughts?

  • In reply to GoCubs:

    It's a depth move, primarily. We only know about it because last night a Twins player wished Tolbert good luck with the Cubs.

  • fb_avatar

    The Cubs compensatory pick will NOT fall below #56 for Pena according to John Sickels. He's pretty well-respected. Cubs will pick at #6, #43, #56 and #68 and the following link will take you to a site that lists a number of mock drafts in the order that they have been updated. Some are blogs, some are real scouting sites.

    http://dcprosportsreport.com/MLBMocks.htm

    Also, here is a link with many scouting reports on 2012 potential draftees.

    http://www.bbprospectreport.com/

    Enjoy your meet & greet today guys, wish I could make it but the wife is working and I have the two girls, so we are going to do pottery today. Sheesh.

  • In reply to Jive Wired:

    Cool. I got to my own numbers based on draft order, the signed/unsigned free agents out there and their rankings and put them in order. I'm kind of happy to know that he got the same thing, so must be pretty accurate. Maybe at this point I can stop calling it an estimate!

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    I still think the Cubs will make more moves to get more youth. Garza will be traded and to be quite honest, you get the sense with all the posturing -- teams saying their rosters are complete (they're not) and the Cubs saying that Garza is a front line starter (he's not, well on the Cubs he is) that the possibility is far greater beneath the media surface. I think Garza ends up in Detroit, it is just too logical. The Tigers are on paper the best team in their division and if they are thinking World Series, regardless of how they value Turner, they need a #3 guy to go with Verlander/Fister. Those ALDS postponements killed them because they were only two-deep starter-wise. So I could see a scenario where the trade would include Turner and a guy like Andy Oliver. If the Cubs want three prospects, I could see something along the lines of Oliver, Smyly and Danny Fields who is ranked far too low for his tools/skill set and the kind of player Epstien usually feasts on. I am pretty sure Marlon Byrd will be traded as well, he would really help Atlanta, and the Cubs could get a decent (not great) pitcher in return like Carlos Perez or Seamn Gilmartin (if he is eligible to be traded). Lastly, and more of a hope, there has to be a big market for Soto and Marmol. I like the A's approach to closers. No matter how good, they are expandable for young talent. The Cubs have a number of pitchers who can close (Wood, Samardzija, Sonnestine) so why not get a couple young guys for Marmol? Sorry for the long post. My point is, with all the picks/trades/expected trades I expect the Cubs to have a Top 5 system entering 2013.

  • In reply to Jive Wired:

    Well thought out well posts are always welcome!

    I think Garza is easily better than Fister. He'd be their #2 guy, unless they want to break up the hard throwers.

    According to Tom Loxas of Cubs Insider, the Cubs have continued to insist on getting both Turner and Castellanos. They haven't budged on that. I could almost see Byrd going there too if the Cubs want to expand the deal, Byrd is a nice short term OF'er and they can move Delmon Young to DH where he belongs. Not sure if Byrd fits what Atlanta is looking for. I would think they'd rather go with Prado out there.

    I think they'd like to trade Marmol but the closer market is almost dry and there's still some cheap free agents out there. The presence of Wood, though, makes a midseason deal that much more possible once there are injuries and/or ineffectiveness by some teams closers. And it also gives Marmol a chance to reestablish himself and raise his value.

  • fb_avatar

    Great rebuttal. Yes, I meant "sandwich" Garza between Verlander and Fister, just got ahead of myself. Stupid me, I though the Braves traded Prado already. Washington might be a good fit for Byrd too, unless they acquired an OF and I missed it.

  • In reply to Jive Wired:

    The only offer I heard for Prado was for Delmon Young and the Braves would be silly to take that one. Prado is simply the better player. Play him at 2B and he becomes a very good regular. Would love to see him on the Cubs but the two teams probably don't match up very well.

    Washington would be a great fit for Byrd. So would Boston. He's probably the Cubs most marketable player right now after Garza.

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