According to multiple reports, the Cubs have agreed to terms on a one-year contract with Carlos Pena worth $10 million.
Pena dealt with planter fasciitis last season but reportedly is fully recovered.
Updated – 10:36am CT – Cubs have signed 1B Carlos Pena to one-year, $10 million deal — it’s official
Updated – 12:42pm CT – Pena to be paid $5 million of the deal in Jan of 2012, to help payroll flexibility in 2011.
After a spectacular 2007 campaign, Pena’s numbers have shown a steady decline over the last two seasons. The cash-strapped Cubs are betting $10 million on Pena improving in 2011 and providing not only a Gold Glove performance at first but also a much-needed left-handed presence in the middle of Mike Quade’s lineup.
The Cubs are expected to make the announcement during a news conference on Wednesdahy. Will update if more information becomes available …