Cubs designated RHP Donn Roach for assignment.
Cubs designated INF Logan Watkins for assignment.
Cubs claimed 1B/C Ryan Lavarnway off waivers from the Dodgers.
Cubs claimed OF/1B Shane Peterson off waivers from the Athletics.
Cubs signed RHP Jason Motte to a one-year, $4.5 million contract.
Cubs signed RHP Anthony Carter to a minor league contract with an invitation to spring training.
Cubs acquired RHP Matt Brazis from the Mariners for OF Justin Ruggiano.
Bruce Levine of 670thescore.com reports that the Cubs have agreed to terms on a one-year contract with Jason Motte.
Cubs signed LHP Jon Lester to a six-year, $155 million contract.
Cubs signed RHP Jason Hammel to a two-year, $18 million contract with a $12 million club option for 2017.
Gordon Wittenmyer of the Chicago Sun-Times reports that the Phillies are "one of several teams" that have asked the Cubs about Travis Wood.
Athletics designated 1B Shane Peterson for assignment.
Dodgers designated 1B/C Ryan Lavarnway for assignment.
Jayson Stark of ESPN.com reports that Jon Lester's signing bonus with the Cubs is worth $30 million.
ESPN's Buster Olney reports that Jon Lester's deal with the Cubs includes a signing bonus of at least $20 million.