According to several reports, the Cubs announced on Friday afternoon they have declined the 2009 option on back-up catcher Henry Blanco. Blanco’s option for 2009 would have been worth $3 million dollars…..Blanco made $2.8 million in 2008. The Cubs are expected to resign Geovany Soto’s mentor to a lower guaranteed deal. Henry Blanco signed with the Cubs before the 2005 season and is expected to file for free agency. Jim Hendry has until November 13th to resign his back-up catcher before he is able to negotiate and sign with another team. The buyout on Blanco’s option cost the Cubs $300,000.