11/23 Cubs offer arb to Ramirez, Pena
The Cubs offered arbitration to Aramis Ramirez and Carlos Pena but not Kerry Wood. All three were considered Type B free agents. By offering Ramirez and Pena arbitration, the Cubs will receive a compensatory Draft pick between the first and second rounds if they sign with another team. The Cubs are expected to continue talks with Wood, and not offering arbitration is strictly a procedural move.
— Carrie Muskat