Social Navigation

The Cubs Cut Mike Parisi – But Magically Get to Keep Him

Chicago Cubs News, Chicago Cubs Transactions

Mike Parisi was selected this year by the Chicago Cubs in the Rule 5 Draft. The gist: that means he was a guy who’d been in the minors a long time without being placed on a team’s 40-man roster, and the Cubs wanted to give him a shot to make their 25-man roster. Usually, if a Rule 5 pick doesn’t make the selecting team’s 25-man, he is returned to the team from whence he came, unless that team doesn’t want him back.

Parisi didn’t make the Cubs – they cut him yesterday – but today, he’s a member of the Iowa Cubs. How did that happen? Did the Cardinals just decide they didn’t want him back? Yes. But it’s actually a bit more complicated than that.

The righthander was the Cubs’ Rule 5 pick from the Cardinals in December, meaning for the Cubs to gain control of him he had to spend the entire 2010 season on their major-league roster. There was a catch: The Cardinals had outrighted him off the 40-man roster before — when he was going through rehab for Tommy John surgery — and because of that he had the option to choose free agency if outrighted for a second time. That is what the Cubs did this week.


The Cubs outrighted Parisi to the minors. That put him on waivers. As a Rule 5 pick, he cleared waivers when the 28 other teams — excluding the Cubs and Cardinals — declined to claim him. Parisi was then offered back to the Cardinals for the cost of $25,000, per Rule 5 policy. Here’s the wrinkle: Because this was the second time Parisi had been outrighted, the righthander had to tell the Cardinals whether he planned to take free agency if returned to the Cardinals’ minor-league roster.

He told them he would.

That took the decision out of the Cardinals’ hands. If they paid for his return from the Rule 5 selection they would just be out the $25,000 because he’d elect to be a free agent within 72 hours of returning to the team. They would, essentially, pay to have become a free agent here instead of letting him become one there. St. Louis Post-Dispatch.

You follow all that? Even if not, you don’t need to: just know that the Cubs plucked Parisi, who is 26, from the Cardinals for $50,000. He’ll now be one of the first few guys considered if the Cubs need a right-handed guy in the bullpen later in the season.


Brett Taylor

Brett Taylor is the Editor of Bleacher Nation, and you can find him on Twitter at @BleacherNation.


Bleacher Nation Privacy Policy and Terms of Use. Bleacher Nation is a private media site, and it is not affiliated in any way with Major League Baseball or the Chicago Cubs. Neither MLB nor the Chicago Cubs have endorsed, supported, directed, or participated in the creation of the content at this site, or in the creation of the site itself. It's just a media site that happens to cover MLB and the Chicago Cubs.

Bleacher Nation is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to