The 3rd Man In

Brewers trade Rule 5 Draft pick to the Cubs


Thursday at 8:50 am: After selecting left-handed pitcher Caleb Smith with the No. 7 overall pick in the Rule 5 Draft, the Milwaukee Brewers have traded Smith to the Chicago Cubs for a player to be named later or cash.

Thursday at 8:10 a.m: With the seventh overall pick in the MLB Rule 5 Draft, the Milwaukee Brewers selected left-handed pitcher Caleb Smith, who was formerly in the New York Yankees minor league system.

Smith, 25, spent last season at Double-A with the Yankees, posting a 3-5 record with a 3.96 ERA and 70 strikeouts in 63 2/3 innings as a reliever after spending 2014 and 2015 as a starter.

The Brewers lost their No. 21-ranked prospect in right-handed pitcher Miguel Diaz, who the Minnesota Twins drafted with the No. 1 overall pick in the Rule 5 draft. Diaz was then traded to the San Diego Padres.

Diaz pitched at Class A last season, going 1-8 with a 3.71 ERA in 26 games. Diaz, who will now make the jump to the major leagues, has a mid-90s fastball, a mid-80s changeup and a sharp high-70s breaking ball.

Here are the rules associated with the Rule 5 Draft from

A team that selects a player in the Rule 5 Draft pays $50,000 to the team from which he was selected. The receiving team must then keep the player on the Major League 25-man roster for the entirety of the next season, and the selected player must remain active (not on the disabled list) for a minimum of 90 days. If the player does not remain on the Major League roster, he is offered back to the team from which he was selected for $25,000. If his original team declines, the receiving team may waive the player.


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