The Cubs can finally awake from the nightmare that is Carlos Silva, who was released on Sunday after posting a 10.90 ERA while surrendering 32 hits over 17 1/3 innings this spring.

In December of 2009, Chicago traded one past mistake in Milton Bradley to acquire a future mistake in Silva, who told the club on Friday that there’s “no chance” he’d report to the minors if the Cubs couldn’t trade him. He also took a couple of shots at pitching coach Mark Riggins, saying he was “not straight” with him about the team’s plans and that Riggins “had to learn he’s in the big leagues now.” After the team dumped him on Sunday, maybe Riggins can return the favor by telling Silva that he better learn that he’s in the unemployment line now. (Zing! I know, not my best but it played.)

Granted, Silva (9-3, 3.45 ERA, 1.14 WHIP) was effective last year before a heart issue derailed his season. But unfortunately for the Cubs, they’re still on the hook for the $11.5 million owed to him this year so the term “value” doesn’t come to mind here, even when you factor in Silva’s numbers from last season. I guess this is the price you pay when you hand Milton freaking Bradley a three-year, $30 million contract and think you can unload him on the Marines by taking on their contract albatross. But in the end, everybody losses.

On a related note, Andrew Cashner was named the Cubs’ fifth starter after the release of Silva.

When a club trades five prospects (including their minor league pitcher of the year) in exchange for a starter, they usually get an ace in return. But not the Cubs.

On Friday, the Cubs traded top pitching prospect Chris Archer, outfielder Brandon Guyer, catcher Robinson Chirinos, shortstop Hak-Ju Lee and outfielder Sam Fuld to the Rays in exchange for Matt Garza and two minor league prospects. Garza, who is coming off a career year, immediately fills the No. 2 void in Chicago’s rotation.

The key players for Tampa Bay were Archer and Lee. Archer went 15-3 during two different minor-league stints last season and won the Cubs’ 2010 minor league pitcher of the year award. Lee needs a couple of years in the minors to develop, but he’s regarded as a skilled defender with excellent speed and good range at shortstop.

Considering Garza won’t be viewed as an ace in Chicago, it stands to reason that the Cubs overpaid. But GM Jim Hendry had to do something to improve his rotation and at 27, Garza is already in the prime of his career. He’s also coming off a season in which he compiled a 15-10 record with a solid 3.91 ERA and 1.25 WHIP. He averaged 6.6 strikeouts and 2.77 walks per nine innings and hitters batted just .248 against him last season.

He’s switching from the AL to the NL, so one would think that his numbers will only improve (or at the very least, stay the same). That’s huge for the Cubs, who desperately needed a top-of-the-rotation arm to go along with Carlos Zambrano and Ryan Dempster. The NL Central isn’t considered a powerhouse division but the Cubs will face Albert Pujols, Matt Holliday, Prince Fielder, Ryan Braun, Joey Votto and newcomer Jayson Werth on a consistent basis so they needed to beef up their starting five.

Besides, what constitutes being an “ace” anyway? Cliff Lee wasn’t very ace-like in the World Series and Tim Lincecum had an atrocious August before rebounding to help the Giants win a championship Usually when you think of aces, they have overpowering stuff. Well consider that Rays’ pitching coach Jim Hickey once referred to Garza as having “the best stuff on the staff” and the fact that he can throw his curve, slider and change for strikes will only help the 27-year-old at the smallish Wrigley Field. He also no-hit the Tigers last year, so clearly Garza has what it takes to be the “ace” of the Cubs staff, even if he doesn’t take the mound on Opening Day.

The bottom line, perhaps, is that the Cubs acquired a proven player for several unproven commodities. There’s always a risk in a deal like this that a club will get burned when a prospect they traded away turns into a star. But as of January 7, 2011, this looks like a deal that works for both sides.

If I’m a Yankee fan the first thing that pops into my head when I read the title of this post is: hey, at least it’s not Carl Pavano.

That said, Carlos Zambrano a Yankee? Better yet, Carlos Zambrano in New York? Yeeee.

Bill Madden of the New York Daily News expects the Yankees to target Zambrano via trade at some point this offseason. After losing out on Cliff Lee, the Bombers obviously need to do something and after his midseason meltdown last year in Chicago, Big Z did pitch well down the stretch.

He would also be reunited with former Cubs pitching coach Larry Rothschild, who just joined the Yankees. But would Zambrano’s fiery temperament work in the Big Apple? And was his late-season success a sign that he’s returning to form or will his struggles from the first half rear their ugly heads again?

The Yankees have to do something because their current rotation just won’t do. They’re expecting to hear from Andy Pettitte soon about whether or not he’ll come back for one more year and if I’m Brian Cashman, I’m doing everything in my power to ensure he does.

But Carlos Zambrano? Talk about a risk/reward situation. He’s coming off a year in which his ERA (3.33) was good, but his WHIP (1.45) was bad. He also won 11 games but we’re talking about a man that was banished from the Cubs for nearly holding all of Wrigley Field hostage during a game (okay, so I may be exaggerating a little).

Him + NY probably = disaster, although at this point what are the Yankees going to do? The Red Sox have completely retooled and the one player they put all of their efforts into signing this offseason just took less money to play for the Phillies. The Cubs would probably give Zambrano away for a bottle of hand sanitizer and a new latrine for the bathrooms at Wrigley Field, so maybe the Yankees should make a move. At this point, they may not have much of a choice.

Midway through next season, people may look back at the deal the Cubs just gave Carlos Pena and consider it a huge bargain.

Chicago inked the former Rays’ first baseman to a one-year, $10 million contract on Wednesday and while the dollar amount is a little high, the Cubs did very well no matter how he plays next season.

Pena batted just .196 in 2010 and struck out 158 times. But he slugged 28 home runs and walked 87 times, so his numbers weren’t all bad. He was also reportedly dealing with plantar fasciitis, which could be one of the reasons he struggled at the dish.

The key to this deal is that it’s only for one year. Pena was hoping to sign a multi-year contract but instead inked a one-year deal so that he can build up his value before next winter. He knew his 2010 numbers wouldn’t allow him to cash in this offseason, so signing a one-year deal made sense for him given his current situation.

For the Cubs, they get a player who will be trying to earn a multi-year deal next winter. In general, players in contract years typically perform better because they knew there are no guarantees (contract wise) behind that season. If Pena rebounds to his ’07-09 production when he averaged .252 with 39 home runs and 101 RBI per year (along with 95 walks), then the Cubs could sign him to an extension. If he flops or never finds his form, so what? They’ll be rid of him in a year and can move on.

These are the types of moves that GM Jim Hendry needs to make more. Instead of just throwing millions of dollars and long-term contracts at free agents (Alfonso Soriano anyone?), the Cubs would be better served to build through their farm system and plug holes with low-risk deals like this one for Pena.

I don’t blame Cubs fans if they feel cheated by the way Lou Piniella has decided to step down as manager with 37 games remaining in the season. After all, if they have to sit through the rest of this miserably year, why doesn’t he?

But the fact of the matter is that neither Piniella’s heart nor his mind is in it right now, so why drag the thing out any longer? And besides, does it really matter who’s managing the Cubs at this point?

Piniella has had to take two leave of absences to attend to personal matters this year, which mainly consists of him visiting his 90-year-old mother who has been ill for most of the season. There are more important things than baseball and seeing as how he was going to retire at the end of the year anyway, there’s no sense going through the motions for 37 more games.

Following another horrendous loss on Sunday, Piniella had this to say about starting his retirement early:

“Cried a little bit after the game,” he said, before choking up further in his postgame news conference. “This will be the last time I put on a uniform. This has been very special for me. I’ll go home, do what I have to do there…and enjoy my retirement.”

Obviously this wasn’t the way he or Cub fans envisioned things ending this season. While the club also struggled last year, many pundits thought they would bounce back and that just hasn’t been the case. The team’s roster is littered with overpaid, underachieving veterans and the youth movement has just begun. It’s a sad way for a World Series-winning manager to walk away from the game, but not everybody can go out on top.

Piniella wasn’t going to be part of the Cubs’ future and it was probably right that he has decided that they won’t be a part of his present.

When it’s time, it’s time.