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12/07/2006 11:17 AM ET
Cubs select Josh Hamilton and James Henderson in Rule 5 Draft; Trade Hamilton to Reds
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The Chicago Cubs today selected outfielder Josh Hamilton from the Tampa Bay Devil Rays minor league system in the Major League portion of the Rule 5 Draft and traded him to the Cincinnati Reds in exchange for cash considerations. The Cubs also selected right-handed pitcher James Henderson from the Washington Nationals in the Triple-A portion of the Draft.

Hamilton, 25, was Tampa Bay's first selection (first overall) in the 1999 First-Year Player Draft. He owns a .293 career minor league batting average with 33 home runs and 171 RBI in 266 games. In 2006, he played 15 games for Single-A Hudson Valley in his first professional action since 2002.

Henderson, 23, was originally drafted by Washington in the 26th round of the 2003 First-Year Player Draft. He owns 14-21 career record with a 4.61 ERA (162 ER/316.0 IP) in 87 games (40 starts). In 2006, Henderson went 2-2 with a 4.50 ERA (26 ER/52.0 IP) in 25 games (one start) for Single-A Potomac and also made three appearances with Single-A Savannah.

The Cubs lost five players in the Rule 5 Draft. In the Major League portion of the Draft, lefty Edward Campusano was selected by Milwaukee, right-hander Lincoln Holdzkom was selected by Houston and infielder Jason Smith was selected by Toronto. In the Triple-A phase, infielder Rich Lewis was selected by Kansas City and right-hander Andy Shipman was taken by Oakland.

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