Gregg spent spring training with the Los Angeles Dodgers, but was released before the season started. The veteran pitched last season for the Baltimore Orioles and looked ineffective for most of the year, posting a 4.95 ERA in 43.2 innings pitched. Gregg's strikeout numbers fell for the fourth straight season and he battled control issues, walking nearly 5 batters per nine innings.
Chicago fans should remember Greg, as the team used him as their closer during the 2009 season. The reliever recorded 23 saves that season, but did blow seven saves as well.
Loe had been designated for assignment by the Seattle Mariners on Thursday. The Cubs placed him on the 40-man roster, moving Steve Clevenger to the 60-day DL. Loe has really struggled with the home-run ball this season, as he has surrendered six in just 6.2 innings pitched.