The story is only on cubs.com, so take it with a lot of grains of salt, but it says they have signed Nate Schierholtz
to a 1 year contract worth $2.25M.
He's young enough, if he gets back to his average, he could be a good addition.
Schierholtz's lifetime OBP is .319 with a career OPS+ of 97, making him essentially a step below replacement-level; at age 28, nearly 29, you pretty much know what you're going to get from him. I wouldn't expect much. My thinking is that Hoyer is hoping that Schierholtz pulls a LaHair and has a monster April / May, which would make him an attractive trade piece (until he returns to being Nate Schierholtz instead of a moon monster). That being said, $2.25 million isn't a terrible overpay or anything, so I guess all I can say to this move is ... "okay."
The Cubs also lost pitcher Beliveau to the Rangers, which is a shame. I thought he had a lot of potential.
Beliveau had been designated for assignment, so he wasn't exactly "lost," the Cubs didn't want him anymore.