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Per this post the Cubs are willing to go 8/200 for Tanaka!!! Even I wouldn't be ok with the M's bidding like that... Seriously how would that make Felix feel if we went out and paid more years and same cash for an unproven MLB "Ace", and yes until he has done it in the majors Tanaka is still unproven and hasn't earned the unquoted ace label...
I know that Tanaka looks like a slam dunk, but... geez that is a crazy amount of money...
If the M's got word that bidding would get to this range it doesnt suprise me in the least that they bowed out early on and went look for alternatives like Baker and i can't say I blame them...