Update 1:30: According to Gordon Edes, he hears the Cubs are serious about Pedro, even though they don't like his demands. We wouldn't be watching him just to waste our time, a Cubs source said.
Update 12:40: Bruce Miles says says Lou Pinella has not discussed Pedro with GM Jim Hendry. Miles adds that the righty's likely too expensive for the Cubs, anyways.
Update 10:30: According to Gordon Wittnymer of the Chicago Tribune, Pedro Martinez is too expensive for the Cubs with the ownership not in place and the small budget Jim Hendry has to work with right now. Jim Hendry has a lot of respect for the 3 time CY winner but will not give him his asking price of 5 million for 1 year. Wittnymer also adds with an injury to the starting rotation, will urge the need for Pedro Martinez.
I think if the Cubs can sign him to a 1 year 2-3 million, I will jump right on it and then the Cubs can DFA David Patton who pitches 1 time in a week if lucky.
Get caught up on from yesterdays news:
The Associated Press said that Pedro Martinez has had talks with the Cubs and Rays to join their team.
"There's a good chance I'll be signing soon, but there still isn't anything firm," Martinez said.
After an hour the news was mentioned Bruce Levine shot down the rumors by saying the Cubs are not in negotiations with Pedro Martinez and none have taken place. The Cubs attended his workout, but that is all.
The Cubs had scouts at the WBC watching him pitch for the Dominican Republic and last week the Cubs had scouts in the Dominican Republic watching him workout and were surprise of how he did.
"Certainly, we've got a lot of respect for him, and he's got a great history," Hendry said."
According to David Kaplan of CSN, one of his sources close to the Cubs said that we are not going to pursue Derosa and will look in a different direction.
I will keep you posted.