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UPDATE: Anibal Sanchez not expected to decide between Cubs and Tigers tonight

Dec 13, 2012, 11:43 PM EDT

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UPDATE: Nightengale reports that there will be no decision from Sanchez tonight, as talks with the Cubs and Tigers are expected to continue in the morning.

7:50 PM: Per Nightengale, Sanchez’s agent says, “He has not decided. Negotiations are ongoing..”

7:14 PM: Nightengale reports that the Tigers have bumped their offer to Sanchez. The specifics of the new offer aren’t yet clear, but it’s beginning to look like the Cubs got used for leverage here. This baseball is a tough business.

6:59 PM: Bob Nightengale of USA Today reports that the Cubs thought they had a deal with Sanchez, but the Tigers are being given the last chance to match. They previously offered him a four-year deal.

6:12 PM: Not so fast. Sanchez’s agent Gene Mato told CBS Sports’ Jon Heyman that he’s still talking to other teams. Meanwhile, Heyman hears that the Tigers remain “very much” in the mix to sign him.

Jon Paul Morosi of FOX Sports also hears that it isn’t a done deal, so stay tuned.

5:50 PM: Another unexpected signing. After a pretty general assumption that the Tigers were the favorites to bring back Anibal Sanchez, Bob Nightengale just reported that the Chicago Cubs have signed him.  No official word on the money, but Ken Rosenthal had just previously tweeted that the Cubs were “close” and were offering five years and $75 million.

Sanchez is a 48-51 career pitcher with a 3.75 ERA. Last year he he had a 3.74 ERA for the Tigers and a 3.94 ERA for the Marlins and was 9-13 overall. He has thrown between 195 and 197 innings in each of the past three years.

He’ll immediately be the Cubs number one or, depending on how you feel about Matt Garza‘s health, number two starter. And, considering where this market has gone so far this winter, that’s not a terrible price for the guy.  I think most people figured he’d go north of $80 million.

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