MLB revenues for 2012: $7.5 billion. And rising.

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Maury Brown reported last night that baseball’s latest revenue numbers are in: $7.5 billion for 2012. Perspective: in 1995, revenues were at $1.4 billion.

Oh, and starting in 2014 the new national broadcast deals with FOX, ESPN, and TBS kick in, which will represent another $788 million a year. And each time a new local TV deal is inked, it’s more money to the bottom line. Remember: the Dodgers are supposed to add $200 million+ each year.

The disparities brought on by each team having wildly different local TV dollars is a concern for baseball going forward, but the overall financial health of the industry is pretty damn strong.

Jake Arrieta to return to Cubs’ rotation on Thursday

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Cubs starter Jake Arrieta has been out over two weeks with a strained right hamstring, but he’s ready to return to action. The right-hander threw a bullpen on Tuesday and it went well, so he will start in Thursday’s series opener against the Brewers in Milwaukee, MLB.com’s Carrie Muskat reports.

Arrieta, 31, returns with a 14-9 record, a 3.48 ERA, and a 157/53 K/BB ratio in 160 1/3 innings. If he stays on schedule, he’ll make three starts through the end of the regular season, including the regular season finale on October 1 against the Reds.

Arrieta is expected to max out at 75-80 pitches on Thursday and will ramp up through the end of the month.

Cardinals activate Adam Wainwright from the disabled list

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The Cardinals announced ahead of Tuesday’s series opener against the Reds that pitcher Adam Wainwright has been activated from the 10-day disabled list.

Wainwright, 36, has been absent since mid-August due to a right elbow impingement. The Cardinals plan to use him out of the bullpen through the end of the season. Prior to the injury, the right-hander posted a disappointing 5.12 ERA with a 96/44 K/BB ratio in 121 1/3 innings.

Wainwright is under contract for one more year at $19.5 million before becoming eligible for free agency.