Cubs and Matt Garza avoid arbitration with one-year, $9.5 million deal

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The Cubs and Matt Garza have avoided arbitration by agreeing to a one-year, $9.5 million contract. Garza’s agency, CAA Baseball, broke the news via Twitter and added that the deal includes some performance-based incentives. The two sides were able to work out a deal prior to an arbitration hearing scheduled for today.

Garza requested $12.5 million and was offered $7.95 million from the Cubs when arbitration figures were exchanged earlier this month, so they settled for a little under the midpoint of $10.225 million. Presumably the incentives give him an opportunity to make up the difference.

Garza, who remains under team control through 2013, posted a 3.32 ERA and 197/63 K/BB ratio over 198 innings with Chicago last season. It looks like the rebuilding Cubs will hang on to the 28-year-old right-hander for now, but he figures to be a prominent name on the block as the trade deadline approaches in July.

Cubs designate Brett Anderson for assignment

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The Cubs announced on Wednesday that pitcher Brett Anderson was activated from the 60-day disabled list and subsequently designated for assignment to open up a spot on the 40-man roster.

Anderson, 29, had been out since May 7 with a lower back strain. Across six starts prior to the injury, the lefty yielded 20 earned runs on 34 hits and 12 walks with 16 strikeouts in 22 innings. He has logged just 33 1/3 innings over the last two seasons and has crossed the 50-inning threshold just since dating back to 2011.

Despite his lengthy injury history, Anderson will likely still draw some interest once he becomes a free agent as he throws with his left hand and can be had for the major league minimum salary.

Dilson Herrera has season-ending surgery

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Reds infielder Dilson Herrera will undergo surgery to remove bone spurs from his right shoulder. His season is over.

Herrera, you may recall, was acquired from the Mets in the Jay Bruce trade last year. He played in 49 games for the Mets, but spent all of last year and this year in the minors. In parts of seven minor league seasons he’s hit .295/.357/.461 with 67 homers and 87 stolen bases in 631 games.

Herrera, one time a top-5 prospect of the Mets, was expected to play in the bigs this year, but hasn’t. He was expected to challenge for the starting second base job for the Reds next year, but that’s obviously in doubt now. The worst part: he’ll be out of minor league options next year, so the Reds will be pressured to either put him on the big league roster fresh off an injury or else risk losing him via waivers, which I suspect he’d be unlikely to clear.