CHC receive P Clay Rapada and OF Matt Angle
BAL receives rights to IF Ryan Flaherty
Like the Orioles, I'm expecting the Cubs wouldn't value Rapada worth a 40-man spot. They could DFA him upon acquiring him, and, as I'm expecting he'd clear waivers, invite him to camp as a non-roster player. He would then provide AAA depth. After the signing of Luis Ayala, I predict Angle as the most likely to be DFA'd, but he would be worth a roster spot to Chicago, because of their dearth of quality, major-league ready outfielders.
This trade would give Baltimore some flexibility with Flaherty, a prospect with at least some potential, allowing them to option him to the minors if unready for major league pitching. The loss of Rapada and Angle is negligible, with Trent Mummey a younger and more promising potential fourth outfielder than Angle or Kyle Hudson.