Word on the Street: Cubs ink Pena to one-year deal

Word on the Street: Cubs ink Pena to one-year deal
December 7, 2010, 4:40 pm
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Tuesday, Dec. 7, 2010
CSNChicago.com

Cubs ink Pena to one-year deal

Ideally the Cubs wanted a left-handed first baseman who could hit for power and improve their overall defense. They needed someone who would make a short-term commitment and be flexible enough to fit within their budget.

From the start, Carlos Pena matched that description. And in a negotiation that stretched from late Tuesday night into early Wednesday morning, the Cubs finalized an agreement with Pena on a one-year deal worth 10 million, (CSNChicago.com).

Kane out 'upwards' of three weeks

After a previous report in which Blackhawks coach Joel Quenneville said Patrick Kane's injury was "not real serious," the news has become far more pessimistic. The injury is now being referred to as "significant" and, Tracey Myers is reporting that Kane will miss "upwards" of three weeks. In the meantime, the Hawks will once again have to find a way to win without one of their top players, something they have become all too accustomed to this year.

"We've found a way to play without some of our top players," team captain Johnathan Toews said. "Guys like Campbell and Hossa and I guess now we don't have a choice, we'll have to do it without Kane. It's about everyone else stepping up. (CSNChicago.com)
Kid K back in Chicago?

Maybe, but not on the north side. Ken Rosenthal tweeted that the White Sox have interest in former-Cub Kerry Wood to fill their eighth inning vacancy. Wood, however, is seeking a multi-year deal worth 9 million or more; which could be a problem for the Sox who are already significantly over budget.

If Wood is to end up on the south side, though, it likely won't be until after the winter meetings end on Thursday. (ChicagoBreakingSports)

Alou to the Mets?

Former Cubs outfielder Moises Alou is reportedly a candidate to join the coaching staff of the Met's new manager Terry Collins. Alou is currently serving as the general manager of Escogido in the Dominican Winter League, where his team won the Caribbean World Series in his first year on the job. It is believed that Alou is now simply waiting on a front-office job in the majors. (ChicagoBreakingSports)

NBA buys the Hornets

On Monday the NBA officially announced that the league would be buying the New Orleans Hornets from current owners George Shinn and Gary Chouest. NBA Commissioner David Stern said that, in light of the current state of the economy in New Orleans - and the lack of viable suitors to buy the franchise - it is in the best interest of the team and the league for the NBA to take control of the Hornets.

"The Hornets have a strong management team in Hugh Weber, Dell Demps, and Monty Williams and we have recruited Jac Sperling, a seasoned sports executive and New Orleans native, to be the teams chairman and governor, with Hugh serving as president and alternate governor," said Stern. "I have notified Governor Jindal and Mayor Landrieu about this transaction and will continue our dialogue with them about ways to strengthen the franchise for new ownership in New Orleans. (New Orleans Times-Picayune)

Nationals to make 'huge' offer to Lee

Just one day after signing Jayson Werth to an obscenely large 7-year 126 million deal, the Washington Nationals may be on the verge of doing it again. Juan C. Rodriguez of the Fort Lauderdale Sun-Sentinel is reporting that the Nats might be ready to give Cliff Lee, the most prized free agent on the market this winter, a "huge" offer. While the Rangers and Yankees are considered the front-runners for Lee, the Nationals may be prepared to jump into the race with a 7-year offer. (Chicago Tribune)