From the Wire … Ramirez and Pena Decline Salary Arbitration

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.

Rumors have suggested that Aramis Ramirez has several teams interested in signing him to a multi-year deal. When Ramirez opted out of his part of the mutual option for 2012, his agent, Paul Kinzer, said Ramirez was looking for at least a three-year deal that would allow him to play for a contender. The Brewers have emerged as the favorite to sign Aramis Ramirez.

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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