Things can’t get much worse for the Cubs right now. They’re currently nine games below .500, 9.5 games out of first place in a weak NL Central and I hear Lou Piniella also forgot to reorganize his Netflix queue and is now stuck with “Dear John” again after he just rented it from Blockbuster.

But much to the elation of the Cubs’ front office, Derrek Lee is hitting .292 this month after batting a crisp .237 in June. That’s good news for the soon-to-be-rebuilding Cubs because that makes Lee a little more attractive to potential trade suitors. He might still be hitting like Neifi Perez, but he isn’t Todd Hundley at the moment either.

I’m not around Cubs’ GM Jim Hendry enough (or at all for that matter) to know what his plans are at the trade deadline, but one can only assume that he’d like to unload Lee seeing as how the first baseman won’t be a part of the club’s future plans. His contract runs up at the end of the year, so if Hendry can acquire a couple of prospects in exchange for Lee, I’d have to imagine he’d pull the trigger.

That is, of course, unless Lee refuses to accept a trade, which according to ESPNChicago.com appears to be the case.

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According to Jon Paul Morosi and Ken Rosenthal of FOX Sports, Cubs’ first baseman Derrek Lee may be willing to waive his no-trade clause in the right deal.

Derrek Lee has remained noncommittal on the issue of his no-trade clause. But some friends of the Cubs first baseman said this week that they believe he would accept a deal to the right team.

And if the Cubs formally decide to sell, it’s hard to imagine a better fit than the Angels.

The Angels, 4.5 games back in the American League West, are still looking for an upgrade at first base because of Kendry Morales’ season-ending injury. And they prefer someone who isn’t under contract for next season.

Why? They plan to pursue Carl Crawford as a free agent and would like to have the flexibility of sliding Bobby Abreu into a DH role once Morales returns to first.

The article notes that Lee lives in California during the off-season and would “probably be comfortable” playing in Anaheim. He’d also have the opportunity to play for a contender, which the Cubs are definitely, positively not.

Assuming he’s willing to waive his no-trade clause, then a trade to the Angels makes a lot of sense for all parties involved. The Halos need a replacement for Morales in order to try and keep up with the Rangers in the AL West, while the Cubs could take the opportunity to restock their farm system.

That said, it’s unknown if the two teams have even had trade discussions involving Lee yet, so we’ll have to see if this story develops.

The Chicago Tribune is speculating that the Giants could make a push to acquire Cubs first baseball Derrek Lee. The paper notes that San Fran’s pitching is good enough to keep them in contention, but the team desperately needs a big bat and Lee could be a viable option given that Chicago has a couple of replacements for him in Micah Hoffpauir and Jake Fox.

While rumors are definitely fun to discuss, this one looks like it has no teeth. The Cubs haven’t given any indication that they want to deal Lee and even if they have considered it, he’d still have to waive his no-trade clause. (And why would he waive it to go to a team like the Giants?)

The Giants make an easy target in all of this because yes, they do need a bat. Aaron Rowand, Pablo Sandoval, Bengie Molina, Randy Winn and Juan Uribe don’t exactly strike the fear of God into opposing pitchers. But GM Brian Sabean has to be smart here and even though San Fran is playing well, it’s probably not worth it for the Giants to trade young arms (which they’ve got plenty of) so that they can put a band-aid on a deep gash.

Now, if a situation comes up and a club is willing to part with a young bat in order to get a couple of arms, then all bets are off. If the Giants can get a young, productive bat this season that could also add to their rebuilding process, then Sabean would be a fool not to jump on the opportunity. But how often do clubs make young bats available?

The Giants have already been linked to the Marlins’ Dan Uggla and the Nats’ Adam Dunn. Now Lee’s name has been throw into the mix and while it would be tempting for Sabean to add a bat to his weak lineup, none of the aforementioned names are going to help the Giants win a World Series this year so why bother? Why sacrifice the future for half a season?

We’ll see if this rumor grows any legs, but I hardly doubt it will.