Cubs ink reliever Manny Corpas to one-year deal

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From Bruce Levine of ESPN Chicago comes word that the Cubs have signed free agent right-hander Manny Corpas to a one-year major league contract.

No word yet on the dollar amount.

Corpas missed all of the 2011 season after undergoing Tommy John reconstructive elbow surgery last September. Once viewed as the “closer of the future” in Colorado, he owns a cool 3.93 career ERA and registered a 47/22 K/BB ratio over 62 1/3 innings in 2010 before going under the knife.

The Cubs will hope that he can get back on track next season. He’s likely to serve as a middle reliever.

MLBPA agrees to extend deadline for new posting agreement between MLB, NPB

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Update (7:00 PM ET): The MLBPA announces that the deadline has been extended 24 hours while MLB and NPB continue to negotiate a new agreement for the posting system. The new deadline is 8 PM ET on Tuesday.

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Last Thursday, we learned that the MLBPA was challenging the Nippon Professional Baseball posting system, delaying Japanese superstar Shohei Ohtani’s move to Major League Baseball. The latest collective bargaining agreement removed a lot of the incentive for players to come to the U.S. by capping pay. Ohtani, for example, can only receive a signing bonus between $300,000 and $3.53 million while his team — the Nippon Ham Fighters — would receive $20 million for posting him.

Jon Morosi reports that the deadline for this issue to be resolved is 8 PM ET on Monday evening. He notes that key NPB officials have worked through the night in Japan to try to reach a resolution. It is possible that even if no agreement is reached, the deadline could be pushed further back.

Ohtani, 23, has become a heralded hitter and pitcher in Japan. At the plate over his five-year career, he has compiled a .286/.358/.500 triple-slash line with 48 home runs and 166 RBI in 1,170 plate appearances. On the mound, he has a 2.52 ERA with a 624/200 K/BB ratio across 543 innings.