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MLB Free Agency 2012: Chicago Cubs To Receive Draft Pick Compensation For Carlos Peña

With the Tampa Bay Rays' recent signing of 1B Carlos Peña to a one-year, $7.25 million deal, the Chicago Cubs are in line to receive draft pick compensation.

The 33 -- soon to be 34 -- year-old will be returning to the team that has employed him the most in his 11-year MLB career, and because he was a Type-B free agent and is leaving the Windy City, the Chicago Cubs will receive a sandwich pick in the 2012 MLB amateur draft.

Sandwich pick are picks, so to speak, "sandwiched" between two rounds, typically the first and the second round. Because the Elias Sports Bureau rates Peña as a Type B free agent, the Cubs will receive the pick without actually costing the Rays any picks. Peña was also a Type B free agent in 2011 when the Cubs signed him to a one-year, $10 million deal.

Stay tuned to SB Nation Chicago for more information, and for in-depth analysis on the Chicago Cubs be sure to visit Bleed Cubbie Blue. Visit Baseball Nation for more news and notes around the league.