Parisi Selected by Cubs in Rule 5 Draft

Today was the Rule 5 Draft. The Cubs selected Mike Parisi from their division rival St. Louis Cardinals with their pick, which was 12th overall. The Cubs, who were worried about losing guys like Camp and Diamond, did not lose any major league players in the draft. In the AAA phase, the Cubs lost RHP Miguel Sierra to Tampa Bay.

Info on Mike Parisi:

• Right Handed Pitcher
• 27 years old in April
• Selected by the Cardinals in the 9th round of the 2004 Major League Baseball draft
• Made MLB Debut in 2008
• 0-4 with 8.22 ERA in 12 career big league games
• 40-39 with 4.27 ERA in 115 minor league games
• Had Tommy John Surgery in August of 2008, limiting his 2009 season to a few games at Class A
• Went 3-2 in Arizona Fall League this fall for Surprise with a 4.44 ERA in 7 games
• Parisi's MiLB.com bio

Sierra, who the Cubs lost in the minor league phase, went 2-2 with a 5.73 ERA in 2009 splitting time between the Arizona Rookie ball and Low A Boise.

Mike Parisi will compete for a spot on the Cubs pitching staff in Spring Training. He must remain on the Cubs roster for the entire 2010 season, or else he will be offered back the St. Louis. He has been added to the Cubs' 40-man roster, which now stands at 38.

Scroll down and read my draft preview for more on how the Rule 5 Draft works.

More Cubs rumors & news and a meetings wrap up coming up. Also, I'll have a very special post.... so stayed tuned, there's posts to come!