According to multiple reports, the Chicago Cubs are set to sign first baseman Carlos Pena to a one year, $10 million contract. No deal has been announced yet, however.

The Cubs are clearly paying a premium in salary to limit the deal to one year, as $10 million for Pena just seems like a crazy amount of money. That the Cubs are so eager to limit the deal to one year, however is a sign that the team anticipates going hard after one of the bigger name first baseman in 2012 (e.g., Adrian Gonzalez, Prince Fielder, Albert Pujols, etc.).

Pena would bring with him an elite glove and elite power potential – but below average everything else.

The deal would not necessarily put an end to the Cubs’ pursuit of Chris Davis, who offers a bit of upside and versatility beyond just playing first base, and reliever Darren O’Day.

  • Serio

    One year $10mm…..Holy shit

  • Tanner

    Are the Cubs in at all on Lee? If they are, is it serious? I just wish they had some money, but super glad this is over with! I am okay with the money, because you all know Pena will have a great season in Chicago!

    • Jeff

      Joel Sherman reported that the Cubs weren’t one of the mystery teams to offer a seven year deal to Lee. So, no surprise their, Cubs aren’t looking to add a top of the line player.

      • Ace

        The Cubs are also no longer connected with the Kennedy assassination.

  • John

    What worries me is the guys stats have been in decline the last 3 years……Since it is only a 1 year contract, its not so bad but would have preferred Berkman or even LaRoche….

    • wax_eagle

      BABIP was .222 last year. Looks like they got him to ground out a lot. A change of leagues and a slew of new pitchers should make for a good offensive season. The guy had 28 homers and .325 OBP while hitting under .200. He is pretty much like Mark Reynolds except he walks more and hits for slightly less power. He probably also plays better first base defense. He isn’t DLee (UZR/150 of -3.7 last year and -2.7 for his career). But he will probably be passable and even with a decent offensive season will more than make up for any defensive short comings.

      The dollars per win of WAR estimate this past year was 5mil/WAR. If Pena has a better offensive season then 2 WAR would be getting our money’s worth. I realize that payroll is supposed to be tight this year, but they are still the Cubs.

  • Raymond Robert Koenig

    Any word on Orlando Hudson? He’d be a great addition.

    • Jeff

      Since he declined arbitration, I heard the Cards were looking at him, but that was before they got Theriot. Not sure where that leaves him, but if the Pirates get JJ Hardy from the Twins, they will likely want to bring Hudson back to keep some part of their middle infield intact.

    • Ace

      Still no word. From any team, really.

  • http://bleachernation ramy16

    omg! this is the guy i wanted hendry to least he got something right….now lets go after matt garza…we have the pieces to get him

  • CubsFanatic

    Its official. He signed.

    • Bric

      How many more Carloses (Carli?) do the Cubs need?

      • Ace

        All your Carli are belong to us.