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Carlos Pena agrees to deal with Rays

Updated: January 20, 2012, 5:10 PM ET
ESPN.com news services

First baseman Carlos Pena will return to the Tampa Bay Rays, agreeing to a one-year deal after spending last season with the Chicago Cubs.

Pena's contract is worth $7.25 million, a baseball source told ESPN.com.

Pena spent four seasons with the Rays beginning in 2007, helping them reach the playoffs twice before signing as a free agent with the Cubs for $10 million last season. That creative contract actually deferred $5 million and must be paid by the Cubs this January, a source ...

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