The Chicago Cubs have signed Matt Garza to a 1-year, $9.5 million contract with bonuses, according to his agency, CAA Baseball. Garza and the Cubs thus avoid arbitration. Garza had filed for $10.225 million while the team offered $7.95 million -- so the agreed upon $9.5 is just over the halfway point.

The question remaining in the minds of Cubs fans (and every other team that could use an ace) is, "what's this mean for Garza's trade market?" The quick answer is that $9.5M is a better number than $10M, but not much. Whichever team trades for him (if it happens) will likely have to give up both prospects, go through arbitration with him again in 2013, and then deal with signing Garza to a long contract in 2014.

Bruce Levine of ESPN notes that GM Theo Epstein has confirmed that he's spoken with "numerous" clubs about Garza's availability.

• Twitter / @CAA_Baseball - "Matt Garza agrees to $9.5 Million contract + Performance Bonuses to avoid arbitration. #Cubs #MLB"
• Twitter / @JonHeymanCBS - "As @CAA_Baseball said, matt garza agreed to $9.5M salary, plus bonuses, thus avoiding arbitration."

• Chicago Cubs, Matt Garza agree to $9.5 million deal - Bruce Levine | ESPN Chicago
  "President of baseball operations Theo Epstein has said the Cubs have spoken to numerous teams about Garza and his availability. He also stated that signing the pitcher to a long-term deal is something the club would consider. Garza is arbitration-eligible again in 2013 before possible free-agent status in 2014."
• Matt Garza Rumors: $10.2M Arbitration Request Complicates Trade Potential - MLB Daily Dish
  Garza was the only Cub not to sign before the deadline and filed for $10.225 million while the Cubs are offering $7.95 million. Olney's argument is the difference, and a potentially $10M salary change the scope of what teams would be trading for...