From the Wire … Carlos Zambrano for Chris Volstad Deal Official

Thursday marked Z end of an era for the Chicago Cubs when the trade of Carlos Zambrano to the Miami Marlins was officially announced. The Cubs will send at least $15 million along with Zambrano to Miami for Chris Volstad. The total amount the Marlins will receive depends on how much Chris Volstad makes for his first year of arbitration eligibility, which is expected to be between $2.5 and $3 million.

The Cubs also announced they settled the grievance with Zambrano from last year’s suspension. Zambrano will receive $2.4 million for 24 of the 30 days he was on the disqualified list.

Carlos Zambrano waived his no-trade clause as well as the $19.25 million vesting option for 2013 in order for the deal to go through … a $100,000 bonus was added to Zambrano’s contract in the event he wins the comeback player of the year award for the upcoming season.

Carlos Zambrano will be a free agent following the 2012 season.

Theo Epstein is expected to discuss the trade on Thursday afternoon.

Stay Tuned …

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