Cubs: Is Anibal Sanchez the right player at the right time?

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All along, Theo Epstein said the Cubs were going to wait for the right player at the right time before making a splash in free agency.

That was the big idea when Epstein took on this rebuilding project some 14 months ago: The team president and his value-minded lieutenants in the front office would acquire as many talented young players as possible, enough core pieces that theyd feel comfortable buying the big-ticket item.

That appeared to be way off on the horizonuntil conflicting reports popped up across Twitter on Thursday. Within minutes, the Cubs were either close to signing Anibal Sanchez, or the pitcher had already agreed to a five-year, 75 million contract, or the negotiations were going back to the Detroit Tigers for the final chance to match.

Team officials remained silent, but an overall impression emerged: No done deal, with the waiting game going late into the night. USA Todays Bob Nightengalewho broke the story before backtrackingreported that talks would continue Friday morning.

This came from the blind side. There was said to be a sense of quiet at the Clark Street headquarters on Thursday morning, but this is why they want to keep such a tight lid on information.

Remember that the first piece added to the rotation this offseason was supposed to be Dan Harenuntil the Cubs had medicalfinancial concerns and pulled the plug on a trade with the Los Angeles Angels and held onto closer Carlos Marmol.

But the Cubs had already beaten the rush last month and signed two starting pitchersScott Baker and Scott Feldmanto one-year deals that matched up with all the other reasonable, incremental moves this front office had made with free agents.

While standing by the home dugout at Wrigley Field last week, surrounded by reporters during the Kyuji Fujikawa press event, general manager Jed Hoyer said the Cubs would continue to look for depth, but offered no hints they were close on a game-changer like Sanchez.

Were certainly not done, Hoyer said, but we certainly feel better about where we are looking at the offseason now. Were certainly not even halfway (in), but were really glad that we went in right away and added two starters in Baker and Feldman given the way the markets acted since. We feel like that (was) a wise move.

Well continue to try to add, but weve been building to be a little more discerning now, because we added two guys we wanted right away.

Those talking pointsplus the rising cost for free agentsdidnt suggest that the Cubs were going after perhaps the best pitcher on the board after Zack Greinke, who just got a six-year, 147 million contract from the Los Angeles Dodgers.

In the battle for Los Angeles, the Angels swooped in on Thursday and landed Josh Hamilton with a five-year, 125 million contract. The Cubs were known to be opposed to that kind of megadeal. They didnt have to win headlines or fight for attention within their market. They dont particularly care what the fans or the media think.

But industry sources familiar with the teams thinking say dont focus so much on the price rangejust analyze whether its a smart long-term investment.

The Cubs go through those exercises all the timeeven last winter with Prince Fielder, who didnt make perfect sense and wound up getting a nine-year, 214 million deal with the Tigers.

Sanchez checks off many of the boxes Epstein and Hoyer talk about when they evaluate free agents. Hes on the right side of 30 and will turn 29 during spring training. They also must know something about his makeup, from their time together in the Boston Red Sox organization.

As Bostons co-general manager in 2005, Hoyer helped engineer a huge trade with the Florida Marlins while Epstein briefly left the organization and went on a sabbatical. Sanchez and Hanley Ramirez were among the Red Sox prospects heading to South Florida in exchange for Josh Beckett, Mike Lowell and Guillermo Mota.

Sanchez developed into a reliable middle-of-the-rotation piece with the Marlins and only enhanced his value after last summers trade to the Tigers. He performed on the big stage, going 1-2 with a 1.77 ERA in three postseason starts.

Sanchez has made at least 31 starts in each of the last three seasons, though he hasnt reached the 200-inning mark yet. His career numbers are solid if not spectaculara 48-51 record with a 3.75 ERAbut the Cubs would be betting that hes just entering his prime.

Sanchez will come close to getting paid like an ace, but he wouldnt necessarily have to be one if the Opening Day rotation includes Jeff Samardzija, Matt Garza, Baker and Feldman. That would be an interesting way for the Cubs to start 2013ahead of schedule.

It certainly got the attention of Garza, who posted this message on his Twitter account: I'm at the edge of my seat also with the Sanchez supposed deal... waiting.

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