No, the Chicago Cubs have not re-signed free agent Kevin Gregg, so you can relax in that regard. The reason Gregg may yet have an impact on the Cubs bullpen is because of where he’s headed – Toronto, where possible Cubs target Jason Frasor currently pitches.

Toronto’s signing of former Cubs closer Kevin Gregg to a $2.75 million, one-year deal might lead to more talks between the Jays and Cubs about Oak Forest native Jason Frasor.

The teams have had casual conversations about trades over the past two months, but now with the signing of Gregg, they may take on a more serious tone. ESPN Chicago.

Frasor, as we’ve discussed at length, fits the classic Jim Hendry mold: a middle reliever in his 30s who had a career ERA hovering around 4 until he put up a career year in 2009. He’s set to make some $2.6 million in 2010, so the Cubs would have to be creative to add him, and may even have to trim some salary to do so.

As for what it would take to get Frasor, the name previously discussed was Cubs reliever Angel Guzman. While Guzman may make some sense in a deal for a young guy like Luke Gregerson, he makes zero sense in a deal for a guy like Frasor given his lower cost and similar role.

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