Updated – 12:34pm C.S.T. – According to a report from Bruce Levine, the Bradley for Silva deal is done … and is waiting on approval from MLB.
Carlos Silva is owed $25 million over the final two years of his contract … while Milton Bradley is owed more than $21 million over the next two seasons.
Updated – 12:44pm C.S.T. – According to a tweet from Paul Sullivan, the Cubs will receive $9 million from Seattle. The Mariners end up paying the Cubs $6 million to off-set the contracts. According to Jon Heyman the $6 million will be split over the next two seasons.
Updated 1:08pm C.S.T. – Here is the official release from Cubs.com
The trade is done.
Seattle has agreed to pay the Cubs $9 million. The Mariners pay $6 million of the remaining $25 million on Silva’s contract. Bradley is owed $22 million, including incentives, or $3 million less than Seattle owed Silva, so the Cubs get $6 million of salary relief.
With Bradley out of the picture, the Cubs will turn their attention to possibly Marlon Byrd and adding a veteran reliever to the pen.