This is the January 17, 2013 news archive. View today's Cubs news and rumors.

Chicago Cubs News and Rumors

Cubs, Garza settle with one-year, $10.25M deal

Jesse Rogers, ESPN.com

Chicago Cubs pitcher Matt Garza has agreed to a one year deal worth $10.25 million, avoiding arbitration, according to a source familiar with the situation. Garza's agents from CAA also tweeted about the deal.

Carrie Muskat, MLB.com

Cubs top prospect Javier Baez has been on the fast track, and on Thursday he completed one week of the team's first rookie development camp.

Carrie Muskat, MLB.com

The Ricketts family, owners of the Cubs, reportedly have signed an agreement to build a hotel across from Wrigley Field on the northwest corner of Clark and Addison streets.