In a case of one team's trash is another team's treasure, the Cubs have signed Arizona castoff Bob Howry. He will join the team in Texas tonight.
I'm not sure what Howry has left to offer (he's 36 and was being pummeled in Arizona), but for a league-minimum salary the Cubs were willing to give him a shot.
However, when a team that has a worse bullpen than yours releases a pitcher, it does not bode well. The Diamondbacks have a bullpen ERA of 7.70 so far this year and Howry's 10.67 ERA certainly didn't help matters.
Perhaps Howry will be a calming influence and mentor to the Cubs young pitchers and be used mostly in mop-up duty, until he proves he can still get it done. However, to me, it seems like Jim Hendry is once again just grasping at straws.