Korean reliever Chang-Yong Lim set to sign with Cubs

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South Korean reliever Chang-Yong Lim, who’s spent the past five seasons pitching in Japan, revealed that he’s signing a two-year contract with the Cubs.

According to the 36-year-old right-hander the deal could be worth up to $5 million, but Patrick Mooney of CSNChicago.com has a few more details and says it’s basically a minor-league contract with little guaranteed money and a bunch of potential incentives.

And that makes sense, because Lim is recovering from Tommy John elbow surgery in July and the sidearmer is no sure thing to pitch at all in 2013. Lim told Yonhap News in Korea that the Red Sox and Rangers also made him offers.

When healthy Lim had a 2.09 ERA with 231 strikeouts in 233 innings during his Japanese career.

Angels acquire Jabari Blash from the Yankees

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The Yankees announced on Wednesday that the club traded outfielder Jabari Blash to the Angels in exchange for a player to be named later or cash considerations.

Blash, 28, was acquired by the Yankees from the Padres back in December in the Chase Headley trade. In trading Blash to the Angels, the Yankees were able to free up a spot on the 40-man roster for Brandon Drury, the infielder they acquired as part of a three-team trade with the Diamondbacks and Rays on Tuesday.

Over parts of two seasons in the majors, Blash has hit an underwhelming .200/.323/.336 in 279 plate appearances. He will try to play his way into a bench role for the Angels this spring.