12:59pm: Olney says the Cubs have already started exchanging names with other teams about their players, just to give you can idea of where they sit in the process. Doesn’t seem like they’re going to wait until the deadline to start dealing players.
12:00pm: Via Buster Olney (subs. req’d): Rival evaluators say the Cubs are “open for business” and ready to sell off pieces in advance of the trade deadline. Chicago is 29-42 with a -21 run differential, the fourth worst record and ninth worst run differential in baseball. Based on their situation and what the Theo Epstein-led regime has done since taking over, it’s safe to say they’ll be looking for prospects in any trade.
Olney says the Cubbies are “prepared to move” outfielder Nate Schierholtz, who received a contract offer from the Yankees this offseason and is hitting .288/.338/.545 (136 wRC+) in 208 plate appearances on the season. He’d be a fantastic fit for New York, just as he would have been over the winter. Alfonso Soriano, the currently-injured David DeJesus, various starting pitchers, and a bevy of relievers are said to be among the other available Cubs. Obviously adding offense is priorities number one, two, and three for the Yankees.