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Chicago Cubs, Paul Maholm Sign 1-Year, $4.75M Deal

PITTSBURGH - AUGUST 17:  Paul Maholm #28 of the Pittsburgh Pirates pitches against the St Louis Cardinals on August 17, 2011 at PNC Park in Pittsburgh, Pennsylvania.  (Photo by Jared Wickerham/Getty Images)
PITTSBURGH - AUGUST 17: Paul Maholm #28 of the Pittsburgh Pirates pitches against the St Louis Cardinals on August 17, 2011 at PNC Park in Pittsburgh, Pennsylvania. (Photo by Jared Wickerham/Getty Images)
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01/10/12 2:28 PM ET: Ken Rosenthal is saying via twitter that deal is actually for $4.75M guaranteed for one year, with a max of $10.75 over two years if the option is exercised.

01/10/12 08:40 AM ET: The Chicago Cubs have signed Paul Maholm to a 1-year, $4.35 million deal with a club option for 2013 and a $500k buyout, according to Bruce Levine via twitter, confirming earlier rumors (and Maholm's own twitter account from last night). Pat Sullivan of the Chicago Tribune suggests that the move could give the Cubs flexibility to move Matt Garza.

  • Twitter / @ESPNChiCubs - "Breaking news; Chicago Cubs sign LHP Paul Maholm to a 1 yr 4.25 million deal with club opt 6,5 for 2013. 500k B out"
  • Chicago Cubs, Paul Maholm Close To Deal - MLB Daily Dish
    Maholm, 29, posted a 3.66 ERA across 162 innings of work with a 5.38 K/9 and 2.77 BB/9 last season. He's one of the cheaper options available, and team's are likely to get their money's worth. The Pirates granted the 29-year-old Maholm free agency after declining his $9.75 million club option. Other suitors for Maholm included the Orioles, Mariners and Red Sox.