Within the framework of the trade, Hendry was able to save $1.7 million of the $2.7 due Miles in 2010.
Fox, a fan favorite early in his Cubs tenure, mostly likely will benefit from the DH role that will be available to him in Oakland. The former college catcher never was able to establish himself at any one position after shuffling between third, first and left field.
Miles was a disaster on the North Side in 2009, hitting just .185 in 74 games. The 32-year-old IF was on the DL twice with shoulder and elbow injuries. Off-the-field personal issues plagued Miles from spring training throughout the entire season.
Right-handed pitcher Jeff Gray will vie for a position in the Cubs' bullpen next season.
Right handed pitcher Ronny Morla and left-handed hitting outfielder/first baseman Matt Spencer are further away from helping the Cubs than is Gray.
Hendry was excited about getting Gray.
"He doesn't have experience in the eighth or ninth innings," Hendry said. "But he throws the ball very hard, and he throws a lot of strikes.
"Our scouts felt he throws a lot like [Angel] Guzman, a hard-throwing type guy on the verge of getting better. It's up to him to compete for a job. If not, he's got an option [to be sent to the minors without becoming available to other teams] left."
Hendry was firm that this deal had nothing to do with the Cubs trying to move Milton Bradley.
"We've been given a very fair budget in the last couple of years," Hendry said. "We're just in a year where if our budget is in the same place it's been the last 12 months, we have to maximize the opportunities, be creative and make some trades. This deal didn't have anything to do to put toward Milton. It didn't' really play into it."
According to major league sources, the Cubs are listening to offers and trying to "be creative" -- as Hendry said -- possibly involving three or four teams in a deal that could send Bradley to Tampa, Pat Burrell to the Mets or another team unknown at this point, and Luis Castillo going to the Cubs. Castillo is a 35-year-old switch-hitting second baseman.
Bradley will make $21.5 million over the next two seasons, Castillo is owed $12 million total for 2010 and '11, and Burrell has one year left at $9.5 million.
Hendry's goal all along was to save as much as he could on Bradley's contract. But even more importantly, get a viable player back to help contribute in 2010.