Carlos Pena expected to decline Cubs’ arbitration offer

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Tonight is the deadline for free agents to accept or decline arbitration and Jon Heyman of CBS Sports reports that Carlos Pena will turn down the Cubs’ offer.

That doesn’t preclude Pena from eventually re-signing with the Cubs, but it means he expects to do better than a one-year deal for around $10 million on the open market.

Pena hit just .225 this year, but smacked 28 homers and drew 101 walks to end up with a solid .357 on-base percentage and .462 slugging percentage. And his .819 OPS was nearly the same as his .838 career mark while ranking 10th among the 20 first basemen with 500-plus plate appearances.

Chicago will get a supplemental first-round pick if he signs elsewhere, but Pena may have to wait for the market to settle once Albert Pujols and Prince Fielder are off the board.