Page 1! But seriously, you gotta think the Cubs could take on the money for an impact player if they really had to. This is certainly an impact player. Bottom line is, the Cubs don't have a dominant ace pitcher or a dominant middle of the order hitter. It doesn't mean they don't have very good pitchers or hitters, but still. So is that important to have? I don't know, did Cliff Lee help this Phillies this year? I would accept arguments of the contrary, but I think if you have an opportunity to get one of the top 3 hitters or pitchers in baseball, and they come to YOU asking about it, you have to pull out all the stops to do it. Maybe they ask for too much and you don't want to mortgage your long term plan (wait this is the Hendry led Cubs were talking about, there's no long term plan), but at least you can rest easy knowing you offered all you are willing to give for a player like Halladay. This isn't Peavy we're talking about, who is a top tier pitcher in his own right. Halladay puts up ridiculous numbers in a tougher league, a much much tougher division and a tougher ballpark to pitch in (mostly). If you were in the running for Peavy, you without a doubt have to be in the running for Halladay. All we have to do is not sign a bunch of MRPs for 3+ million dollars a year and we can find a space for him (WHOOPS). As for him being a FA after next year, I am assuming they would try to work out an extension as a precursor for a trade, and if not, I don't know too many (white) ballplayers that don't want to be Cubs after playing here for a year. Edit: If he can put up a 2.79 ERA in the AL East, I can only imagine how much better that would look in the NL Central. I know it doesn't always work like that but still.