ESPN Chicago's Bruce Levine reports that the Cubs have signed closer Carlos Marmol to a contract to avoid salary arbitration. The deal will pay Marmol $2.125 million for 2010.
Marmol was looking for $2.5 million while the club offered $1.75 million. The two parties split the difference, reaching an agreement at the exact midpoint between them. The deal is nearly a 270% raise from the $575,000 salary he earned in 2009 his final season before salary arbitration.
The 27 year-old reliever appeared in 79 games for the Cubs last season, saving 15 games and earning holds in another 27. He assumed the closer role late in the year when Kevin Gregg faltered and Cubs manager Lou Pinella tabbed him to replace the now-departed Gregg. For the season he posted an ERA of 3.41 in 74 innings, but had trouble with control walking almost a batter an inning.
Marmol's signing reduces the number of players whose cases are pending to 15. The Cubs have one remaining arbitration case with Ryan Theriot. Hearings will begin imminently for the remaining players like Wandy Rodriguez, Cody Ross and Corey Hart who have not come to terms with their teams. Please visit the salary arbitration figures page for more information.
Joe Tetreault is a member of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey.
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