As we saw last year with Lendy Castillo, Rule 5 players rarely make an impact but there have been a few exceptions over the years (Joakim Soria, Josh Hamilton, Dan Uggla). It's also been rumored that the Cubs have been fielding offers for the 2nd pick, so maybe they will trade the pick for a better prospect that is a few years away and fits better into their competitive timeline (2015 baby!).
As for organizational depth, the Cubs biggest areas of need are starting pitching and corner outfielders. There won't be many starting pitchers available that are even close to major league ready though, so I would expect the cubs to target a lefty hitting OF who could be a bat off the bench this year or a relief pitcher who is almost ready for the bigs (preferably a lefty).
For those unfamiiar with the Rule 5 draft, the player taken has to remain on the team's 25-man roster for the whole season or he is sent back to thier original team. There is some wiggle room though as players can be stashed on the IR with an "injury" or bought from the original team.
The Cubs have the 2nd pick, but unlike most drafts their really is no relaible way to predict who they will take. Last yeat they shocked everyone with thier selection of Lendy Castillo and also lost Ryan Flaherty (Orioles) & Marwin Gonzalez (Astros).
Here is a breakdown of players in order of preference that the Cubs could select:
Ryan Chaffee (RHP)
Throws: Right Age: 24 Team: Angels
After
struggling as a starter since being drafted in 2008 (3rd round),
Chaffee was switched to the bullpen full-time in 2012. His numbers out
of the pen were elite (5.9 H/9, 11.5 K/9, 1.17 WHIP) across high A and
AA. It is a small sample size (65 IP) but he throws in the low to mid
90's with a + breaking ball so the stuff and pedigree are there. The
Cubs could use him as a mop up guy to start off and eventually
transition him into high leverage roles if he continues to pitch well
out of the pen.
Josh Fields (RHP)
Throws: Right Age: 27 Team: Red Sox
At
27 he can barely be considered a prospect, but some guys just figure
things out a little later than others. Fields averaged 6.2 BB/9 in his
minor league career before a subtle change in his delivery allowed him
to cut his walk rate to 2.4 BB/9 in 2012 while actually increasing his K
rate to 12 per 9 and posting a miniscule .967 WHIP in AA & AAA. If Fields
can keep throwing strikes he could be a 6th-7th inning guy right away.
Jeremy Hazelbaker (OF)
Bats: Left Age: 25 Team: Red Sox
Intriguing
mix of power and speed (19 HR, 36 STL in 2012), who Epstein should be
familiar with since he was drafted by the Red Sox in the 4th round of
the 2009 draft. Hazelbaker can play all three OF position and has the
physical tools to be an all-star, but lack of plate discipline and
inconsistent numbers in the minors make this a high risk / high reward
pick When you consider how few Rule 5 players make an impact, all the
picks are high risk so why not take the player with the most offensive upside?
John Keck (RHP)
Throws: Left Age: 24 Team:Royals
A
big lefty (6'6) whose plus stuff hasn't translated to solid minor
league numbers (career 4.54 era). Keck throws a heavy mid-90s fastball
which from a lefty should be enough to keep him on a roster till he's
about 38 years old. In the short term he has had some control issues and
doesn't strike out as many people as a hard throwing 6'6 lefty should
(7.9 K/9 in '12) but his unique skill-set is worthy off a flier and the
Cubs are in need of a lefty arm out of the pen to keep Russell's arm
from falling off. There are options with higher upside available but Keck fills an immediate need and
has the talent to become a valuable lefty out of the pen.
Carlos Perez (LHP)
Throws: Left Age: 21 Team:Braves
An electric lefty who was a former top prospect in the always loaded Braves system (#5 in 2011), Perez has struggled to harness his dominant stuff. The main problem, as it is with most young pitchers, is control. Perez gave up 6.2 free passes per 9 innings last year which isn't acceptable in the majors. The only reason Perez is on this list is that he was moved to the bullpen in 2012 and responded by striking out 14.7 batters per 9 innings! Those are Rich Hill numbers! (still hurts) Like Lendy Castillo last year, Perez will be hard to keep on the 25-man roster all year but lefty relievers who can strike people out are a premium commodity so it may be worth the gamble.
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