The best and worst from Cubs GM Jim Hendry

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A look at the highlights and lowlights from Jim Hendry’s nine-year tenure as Cubs GM, which ended with his dismissal on Friday.

Best moves

July 23, 2003: Acquired 3B Aramis Ramirez and OF Kenny Lofton from Pirates for 2B Bobby Hill, INF Jose Hernandez and RHP Matt Burback

I called it “highway robbery” on Rotoworld at the time, and it proved to be that and so much more.   The Pirates gave away Ramirez even though he had just turned 25 and he was hitting a solid .280/.330/.448 for the season.  He’s hit 236 homers for the Cubs since.

Nov. 25, 2003: Acquired 1B Derrek Lee from Marlins for 1B Hee-Seop Choi and RHP Mike Nannini

On the other hand, I slammed this one, believing Choi was just about as good as Lee already.  Lee went on to make two All-Star Games and hit 179 homers in seven seasons with the Cubs.

Jan. 21, 2004: Signed RHP Ryan Dempster to one-year, $500,000 contract with a $2 million option for 2005

The Cubs took a chance on Dempster as he was rehabbing following Tommy John surgery.  He rewarded them with a fine season as a closer in 2005, and while he wasn’t such a good reliever the two years after that, he’s won 53 games as a starter the last four seasons.

Nov. 14, 2006: Signed infielder Mark DeRosa to a three-year, $13 million contract

This is another move I was none too impressed with at the time.  However, DeRosa had two fine seasons as a Cub, hitting .289/.373/.451 with 31 homers, and the team was then able to trade him to Cleveland for three prospects, one of whom, Chris Archer, proved to be the key component in last winter’s deal to land Matt Garza.

Worst moves

I’m listing the moves that were pretty obviously poor at the time, in my opinion.  I didn’t mind the Carlos Zambrano extension, and I’m not going to get on Hendry’s case for the prearranged trade in the Rule 5 draft that had Josh Hamilton passing through Chicago on his way from Tampa Bay to Cincinnati.

Dec. 7, 2005: Acquired OF Juan Pierre from Marlins for RHP Ricky Nolasco, RHP Sergio Mitre and LHP Renyel Pinto

The Cubs made three significant trades with the Marlins in the first half of the decade.  The Lee deal worked out great, but the Pierre trade was a bust and sending Dontrelle Willis to Florida for Matt Clement and Antonio Alfonseca could have turned out even worse if Willis didn’t fall apart.  The ugly thing about the Pierre deal is that he was just one year away from free agency, yet the Cubs gave up three live arms for him anyway.  He had a typical Pierre season and then signed with the Dodgers.

Nov. 20, 2006: Signed outfielder Alfonso Soriano to an eight-year, $136 million contract

It was the second biggest deal ever given to an outfielder, behind Manny Ramirez’s contract with Boston, and even five years later, it stands at No. 3 on the list.  Soriano started the eight-year pact out with two fine seasons, but he’s been at best an average regular since and there’s still three more years to go.

Dec. 31, 2008: Signed infielder Aaron Miles to a two-year, $4.9 million contract

I picked this one over the Neifi Perez infatuation.  Miles ended up playing in 74 games for the Cubs and hitting .185/.224/.242 with a remarkable five RBI.

Jan. 9, 2009: Signed outfielder Milton Bradley to a three-year, $30 million contract

Bradley was coming off an exceptional season with the Rangers, but it was one in which he had his usual problems staying healthy even while serving primarily as a DH.  Bradley turned out to be a disaster with the Cubs, hitting .257 and driving in 40 runs in his one year with the team before being dealt for an even worse contract (Seattle’s Carlos Silva).

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In my opinion, it was long past time for Hendry to go.  He had some good instincts when it came to players to pursue on the cheap, but when he was given money to spend, he typically did so unwisely and his drafts were often disappointing.  In fact, not one of his first- or supplemental first-round picks has turned into an asset yet, and for a GM on the job for nine years, that’s pretty damning.

I think Hendry might have been better off as the GM of a small-market team (preferably with better scouting directors).  There would have been no Soriano, Bradley or Kosuke Fukudome.  Forced to limit his expendatures, Hendry might have come up with more Dempsters, DeRosas and Marlon Byrds.  It’s not that his tenure was a total disaster, but the Cubs job probably wasn’t ever the right one for him.

RHP Fairbanks, Rays agree to 3-year, $12 million contract

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Dave Nelson/USA TODAY Sports
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ST. PETERSBURG, Fla. — Reliever Pete Fairbanks and the Tampa Bay Rays avoided arbitration when they agreed Friday to a three-year, $12 million contract that could be worth up to $24.6 million over four seasons.

The deal includes salaries of $3,666,666 this year and $3,666,667 in each of the next two seasons. The Rays have a $7 million option for 2026 with a $1 million buyout.

His 2024 and 2025 salaries could increase by $300,000 each based on games finished in the previous season: $150,000 each for 35 and 40.

Tampa Bay’s option price could increase by up to $6 million, including $4 million for appearances: $1 million each for 60 and 70 in 2025; $500,000 for 125 from 2023-25 and $1 million each for 135, 150 and 165 from 2023-25. The option price could increase by $2 million for games finished in 2025: $500,000 each for 25, 30, 35 and 40.

Fairbanks also has a $500,000 award bonus for winning the Hoffman/Rivera reliever of the year award and $200,000 for finishing second or third.

The 29-year-old right-hander is 11-10 with a 2.98 ERA and 15 saves in 111 appearances, with all but two of the outings coming out of the bullpen since being acquired by the Rays from the Texas Rangers in July 2019.

Fairbanks was 0-0 with a 1.13 ERA in 24 appearances last year after beginning the season on the 60-day injured list with a right lat strain.

Fairbanks made his 2022 debut on July 17 and tied for the team lead with eight saves despite being sidelined more than three months. In addition, he is 0-0 with a 3.60 ERA in 12 career postseason appearances, all with Tampa Bay.

He had asked for a raise from $714,400 to $1.9 million when proposed arbitration salaries were exchanged Jan. 13, and the Rays had offered for $1.5 million.

Fairbanks’ agreement was announced two days after left-hander Jeffrey Springs agreed to a $31 million, four-year contract with Tampa Bay that could be worth $65.75 million over five seasons.

Tampa Bay remains scheduled for hearings with right-handers Jason Adam and Ryan Thompson, left-hander Colin Poche, third baseman Yandy Diaz and outfielder Harold Ramirez.