This is a pretty fair article from Fangraphs' Marc Hulet describing the predicament the Cubs are in with out of options guys Rich Hill and Ronny Cedeno. Today they tackle Hill and tomorrow they're discussing Cedeno.
This article on Rich Hill today is just a reminder of how sweet our team would be if the 2007 Hill showed up to Spring Training.
QUOTE FROM THE ARTICLE: "Unfortunately for the Cubs, both players are also out of minor league options, which means the club has three options: 1) Keep them on the 25-man roster; 2) Trade them for other talent; 3) Expose them to waivers in an attempt to send them down to the minors. If the club chooses the third option, each player would definitely end up in other organizations with zero compensation, which really leaves the club with two options: Play or trade."