About 1 month ago, the Chicago Cubs relieved former GM Jim Hendry of his duties. Hendry was promoted to the position in July of 2002. The Cubs had plenty of decent seasons under Hendry, including 3 playoff appearences in '03, '07, and '08, and a trip to the NCLS in '03.After the '03 season when the Cubs lost to the Marlins in game 7 of the NLCS, the Cubs would not reach the playoffs for 3 straight years. In 2006, the Cubs suffered their worst record since 2000, finishing with a 66-96 record.
After the '06 season, the Cubs fired manager Dusty Baker after 4 years with the team, and hired Lou Piniella as their next manager. The Cubs would win the NL Central the next 2 years, but would be swept in the NLDS both years.
The Cubs attempted to build their team around SP Carlos Zambrano after SP Mark Prior suffered multiple season ending injuries and being touted as one of the top prospects for their organization.
The Cubs mostly decided to fire Hendry for reasons other than his record. Hendry did take the Cubs to more playoff appearances in his 9 years as GM than did the previous GM Ed Lynch who took the Cubs to the playoffs once in his 7 years as GM.
What cost Hendry his job were the contracts he signed. In '09, Hendry increased the Cubs payroll by $20 million from the year before to bring the Cubs opening day payroll to $134 million. In their 2 playoff years prior to the '09 season, the Cubs payroll was $118 million in '08, and $99 million in '07.
The Cubs are stuck with some pretty bad contracts that were signed by Hendry. Hendry signed Alfonso Soriano to an 8 year deal back in '07, Carlos Zambrano to a 5 year deal in '08, Aramis Ramirez to a 5 year deal in '07, and Jeff Samardzija to a 5 year deal in '07 as well. The one thing all these deals have in common are that all deals include full no-trade clauses.
These contracts have come back to hurt the Cubs in some of the worst ways possible. Zambrano has been suspended twice in the past 2 years for actions detrimental to the team. Soriano has come a long way since his 40-40 season with the Washington Nationals which earned him that 8 year/$136 million deal in 2007.
Overall, Hendry's signings weren't terrible in terms of the players he brought on. What was terrible about the deals are the length. If Hendry had signed Soriano to a 5 year deal instead of an 8 year deal, Soriano would be a free agent at the end of this season and the Cubs would have $18 million off their books. Instead, Soriano is under contract until 2014, is owed a total of $54 million, and can't be traded. Soriano is well past his prime and his past 2 seasons have been the worst of his career.
Luckily for the Cubs, they will have the offseason to find a new GM, and have a club option on Aramis Ramirez which will more than likely be declined since it's worth $14 million ($16 million option + $2 million buyout).
Zambrano is under contract for one more season, and has a vesting option for 2013 which likely won't vest unless he can pull himself together and get back to the pitcher he once was.
The Cubs will look for a new GM this offseason and Livingroom GM will have analysis of all the candidates.





