After telling the Padres "no" on Thursday, Hendry now can focus on finding an outfielder who will make Lou Piniella happy. Milton Bradley appears to be the front-runner among the free agents available, and that will be explored further.
There was some good news: The Cubs won't have to face CC Sabathia, who left the Milwaukee Brewers to sign with the New York Yankees.
Perhaps the strangest rumor of the week -- and there were several -- was one that speculated the Cubs were going to deal Carlos Zambrano. That's not going to happen either.
Deals done: The Cubs' potential deal with the Padres for Peavy was dismissed on Thursday after a lot of talking and walking by Hendry. The Cubs GM decided the price was too high to sign the right-hander and that the team already had a very good rotation without him. The Cubs did get a head start by acquiring Kevin Gregg from the Florida Marlins, and he will be a key part of the bullpen.
Rule 5 activity: The Cubs did not make a pick but did acquire a pitcher in a trade as they picked up right-handed reliever David Patton, who was selected by the Reds in the first round. Patton was 4-5 with a 3.54 ERA in 50 relief appearances and will be looked at for the bullpen.
The Cubs did lose left-handed pitcher Donnie Veal in the first round to Pittsburgh and lost two players in the Double-A portion in Yusuf Carter and right-handed pitcher Mark Holliman.
Goals accomplished: Hendry got the impression from representatives of free-agent outfielders available that the Cubs were their top choice. That should help in negotiations. He also talked to reps for Randy Johnson, who could be a part of the rotation, and catcher Paul Bako, who could return to the team as backup to Geovany Soto.
Unfinished business: Piniella left Vegas without a left-handed bat for his lineup, and that's a priority.
GM's bottom line: "We feel confident that before we get to camp, we're going to have a better baseball team than we had when the season ended. That's our goal."
Carrie Muskat is a reporter for MLB.com. This story was not subject to the approval of Major League Baseball or its clubs.