The Cubs did not exercise a $3 million option on back-up catcher Henry Blanco, according to the Sun Times
Although the Cubs on Friday declined to exercise Henry Blanco's $3 million contract option for 2009, the team anticipates re-signing the backup catcher as a free agent for a lower guaranteed salary.
Blanco gets $300k in a buyout and is one of three free agents I think the Cubs will retain.
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