1/17 Arbitration numbers – UPDATED

Matt Garza and the Cubs exchanged figures on Tuesday. The right-hander is seeking $12.5 million while the Cubs countered at $7.95 million. Usually, the team and player reach agreement on a halfway point, which, in this case, would be $10.225 million. Garza was 10-10 with a 3.32 ERA in 31 starts in his first season with the Cubs. He will be a free agent after the 2013 season.

The Cubs avoided arbitration with six other players. That list includes Geovany Soto, who signed for $4.3 million. Tuesday was the day when teams and players exchanged arbitration figures. The players on the list have between three to six years of big league service time.

RHP Matt Garza: Asked for $12.5 million; Cubs offered $7.95 million

Here are the new deals:

IF Jeff Baker: $1.375 million

IF Blake DeWitt: $1.1 million

C Geovany Soto: $4.3 million

3B Ian Stewart: $2.237 million

RHP Chris Volstad: $2.655 million

RHP Randy Wells: $2.705 million

If the Cubs and Garza do not reach an agreement, they will present their cases at hearings scheduled for Feb. 1-21 in St. Petersburg, Fla. The Cubs last went to arbitration with infielder Ryan Theriot in February 2010, which was the team’s first hearing since 1993. Theriot was seeking $3.4 million and the Cubs offered $2.6 million. Theriot lost the case but still received a raise from his $500,000 salary in 2009. Former Cubs GM Jim Hendry had settled 36 straight arbitration cases before Theriot’s hearing.

– Carrie Muskat

4 Comments

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I still love it …. FORMER Cubs GM Jim Hendry….It’s a beautiful thing!
Wow, how proud we all should be, Hendry settled 36 STRAIGHT arbitration cases. No wonder he is considered such a great GM. Those 36 cases sure did help bring some awesome talent to the Cubs’ line up, certainly responsable for all the championships Hendry has under on his resume. Let’s hope Epstein will be known for something OTHER than “settling arbitration cases”. As if the bar for being a good GM is avoiding arbitration, more like WINNING the arbitration not to mention obtaining TALENTED players making possible arbitration more palatble. Anybody worried that Baker or DeWitt will break the bank should arbitration be needed? Sometimes you have to roll the dice when you know you have a good case vs. mediocre talent.

What happened to earning raises? A 1.3 million dollar cost of living raise, I guess because he Soto certainly didn’t show he deserves a whopping 1.3 million dollar raise. Oh well, Hendry would have signed him to a 5 year extension so at least Epstein did not tie Sveum’s hands with a catcher that still has the jury out on him.

This is NOT the Cub organization that has not won a championship in over 100 years. It IS, however the NEW CUB ORGANIZATION that will be competative NOW and a serious contender in 3 – 4 years and actually go to a World Series and won at least one in the next 5-6 years and be competative for many many year after that.

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