Cubs trade Feldman, Clevenger to Orioles for Arrieta, Strop, and international bonus money

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Trading season is officially upon us, as Keith Law of ESPN.com reports that the Cubs have traded right-hander Scott Feldman and catcher Steve Clevenger to the Orioles for right-hander Pedro Strop, right-hander Jake Arrieta, and about $400,000 in international signing bonus slot amount.

It’s tough to have a good feel for how valuable the international bonus money tranfer is because there’s no real history of it to analyze, but for a rebuilding team like the Cubs anything that allows them to bring in more young talent certainly makes sense.

Feldman pitched well for Chicago, starting 15 games with a 3.46 ERA, and Baltimore was clearly in the market for veteran rotation help. It’s also worth noting that the Cubs signed Feldman to a one-year, $7 million deal as a free agent back in November, so they turned a modest short-term investment into what they hope will be some long-term value.

Arrieta was once a top prospect, but he’s been terrible in various big-league stints with a 5.46 ERA in 358 innings and is now 27 years old. Any notion of him developing into a top-of-the-rotation arm is probably long gone, but he may still be a useful starter or an interesting bullpen project. Strop figures to step into the Cubs’ bullpen in a middle relief role, where he’ll probably continue to struggle with control while flashing occasionally dominant raw stuff.

It’s an interesting trade, as the Cubs signed Feldman on the cheap and then flipped him for a former top prospect and a hard-throwing reliever, plus the ability to spend more on international prospects. Meanwhile, for the Orioles they obviously gave up on Arrieta ever living up to his potential and Strop was pretty expendable in the grand scheme of things, so they added a decent starter in Feldman for the second half without having to dip into their farm system.

It sounds like a Manny Machado deal is all but done

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It occurs to me that maybe one of the reasons for all of the incremental rumors about Manny Machado that I mentioned earlier this morning is that he’s . . . already traded? Basically anyway?

I say this based on the latest report from Olney in which he says that the Orioles have the structure of a Manny Machado trade in place and are “going through the medicals/paperwork portion of the transaction.” He quickly adds that the Dodgers “have been very invested” in pursuing Machado but that “a deal is not finished yet.”

Here’s the actual tweet, since we’re parsing words:

As someone who has read trade rumors like it’s his job for the past decade, mostly because it is his job, here’s what Olney’s tweet says to me (and yes, this is all speculation, but it makes a ton of sense):

1. The Orioles have agreed to trade Machado, probably to the Dodgers since they’re mentioned first, but no one has given Buster the OK to actually report it as a done deal. The “not finished yet” is protection, showing that he didn’t spill the beans, but the mention of the Dodgers is a wink to folks to let them know that, yep, he knows what time it is;

2. They probably haven’t given him the OK to report it as a done deal because they want Machado to appear in the All-Star Game as an Oriole;

3. The second he’s removed from the game tonight, the news goes public. Or, if MLB is putting its finger on the scale and doesn’t want to distract from the All-Star Game, the second the game is over. Personally, though, if I was MLB I’d let the news come out during the game because people will stay tuned to wait for it.

Anyway, like I said, speculation. But I feel like it’s right.