Haven't seen this posted anywhere on BCB yet. The Cubs declined Blanco's option, but expect to resign him at a lower guaranteed salary to continue being the backup C. Wittenmeyer suggests its possible there's a "handshake agreement" in place. Smart move to save $1M or $2, and it also answers the backup C question for '09.
Seems to indicate the tighter budget vibe we've been hearing has some truth to it, and Hendry is getting a little creative to free up some $$.
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