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Pedro Martinez Update

Free agent pitcher Pedro Martinez is still working out in the Dominican Republic in preparation for a team making him an offer. The economic recession has tightened the belts of nearly every major league franchise, which has led to very few signings off the free agent market. Yet, Martinez is still asking for 5 million dollars for the season.

The Rays and Cubs reportedly have some interest in Martinez, but he would have to back off his five million dollar asking price for either team to make a move. Unfortunately for Martinez, the struggles he had last season with the Mets, despite his strong play in the WBC, have limited his options for the 2009 season. The only way he could get signed somewhere now is if a major injury hit a rotation, or if a team is willing to take a chance on him for, say, one million dollars.

This story was approved by MLB Rumors.