ORLANDO, Fla. - The Cubs continued their off-season spending spree Wednesday, reaching preliminary agreement with free-agent left-hander Ted Lilly on a four-year, $40 million contract, FOXSports.com has learned.
Lilly, who turns 31 on Jan. 4, becomes the Cubs' first major pitching acquisition. The team has now signed seven free agents for a total of $272.5 million, spending $251 million alone on Lilly, third baseman Aramis Ramirez and outfielder Alfonso Soriano.
The Blue Jays badly wanted to retain Lilly, who went 15-13 last season with a 4.31 ERA. They are now battling with the Cubs over right-hander Gil Meche. Both teams entered Wednesday with the goal of signing both pitchers.
Lilly, 59-58 lifetime with a 4.60 ERA, will join a Cubs' rotation that already includes right-hander Carlos Zambrano and left-hander Rich Hill. The Cubs are not counting on right-hander Mark Prior, figuring that if healthy, he would be a bonus.
Good move in my opinion, 4 years 40 mill is gonna be adverage for a #3 or 4 pitcher these days.. One thing is stated is that we are still actively pursing Meche, who im a huge fan of... I think Lilly will do good in the adverage hitting central compared to the Beefy AL teams.. decent pick up!!!!! Next on the list please...