Aramis Ramirez and Carlos Pena declined salary arbitration from the Cubs prior to Wednesday’s deadline. The Cubs’ front office offered arbitration to both players in order to receive compensation in next June’s draft. Ramirez and Pena are Type-B free agents and once they sign elsewhere the Cubs will receive sandwich picks (round between first and second) for both players.
As it turns out, the Cubs and Scott Boras had an agreement in place for Carlos Pena to decline salary arbitration so they would receive the draft pick. Rumors have suggested that Pena has multi-year deals on the table from other teams … and the Cubs have not shut the door on Carlos Pena returning.
The Cubs still owe Carlos Pena $5 million on last years $10 million “pillow” contract … Pena will receive the third and final payment in January.
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