Aramis Ramirez and Carlos Pena Decline Arbitration

As expected, today, free agents Aramis Ramirez and Carlos Pena declined the Chicago Cubs offers of arbitration, which offers were made for the purposes of picking up compensatory draft picks when/if the two sign elsewhere.

Ramirez is an obvious case, as he is not returning to the Cubs. He has a number of suitors, and he’ll make some scratch this Winter. In doing so, the Cubs will get a compensatory draft pick between the first and second rounds in 2012. Good luck, Aramis.

As for Pena, the decline of arbitration, in and of itself, does not preclude Pena’s return to the Cubs in 2012. Recall, an arbitration offer is for a one-year deal, for which the salary is typically a hair over the previous year’s salary (unless the dude had an unusually good year, then the raise can be substantial). Against that backdrop, because Pena believes he can get a multi-year deal, it’s easy to understand why he declined the offer.

But would the Cubs re-sign him on a multi-year deal? Pena loved his time in Chicago, and has professed a desire to return.

All in all, I doubt he’ll be back. The way Theo Epstein and Jed Hoyer have talked about Pena the last couple weeks – all positive, but very “moving-on”-like – coupled with his age (34 next year) and expense (he could get two years and $20 million or more), strongly suggest to me that he won’t be back.

If all other options go elsewhere, there are no trades to be had, and the market for Pena dries up, it’s possible the Cubs could bring him back on an inexpensive one-year deal. But, given that Pena just declined an offer like that via arbitration, he must be fairly confident it won’t come to that.

Brett Taylor is the lead writer at Bleacher Nation, and can also be found as Bleacher Nation on Twitter and on Facebook.

15 responses to “Aramis Ramirez and Carlos Pena Decline Arbitration”

  1. Mike Foster

    Brett, who’s his (Pena) agent? Agent’s always think it won’t come to an end…….

    1. EQ76

      Mr Boras

  2. Mark

    Allowing this kind of “moving” to take place is more proof of new days ahead and real leadership for Cubs. I am very excited we have a future with a new plan!

  3. Luke

    Unless the Cubs sign a Type A free agent (like Fielder), I think they should have 4 of the first 50 picks. CBA or no CBA, that’s not too shabby.

    If they do sign a Type A guy, they’ll lose their second round pick. Three picks in the 45 would still be pretty darn good.

  4. BFM

    Brett

    If we don’t end up with Fielder or Pujols or Pena…….who is our best in-house replacement for first?

    1. Luke

      LaHair, Colvin, Baker, Vitters, and maybe Ridling or Clevenger are probably on the top of the list.

  5. Robbo

    If Pena happens to sign a new deal w Cubs do Cubs still receive comp draft pick? He was offered arb and declined. How would that scenario work?

    1. Luke

      If you resign your free agent, you don’t get the pick.

  6. cdc

    brett…do you think the cubs WILL sign Prince?

  7. Jim

    probably not