Jan 27, 2010 3:20 PM EST

The Cubs and Sean Marshall have agreed to terms on a one-year deal, avoiding arbitration by settling on a figure of $950,000, according to a major league source.

Marshall will vie for a rotation spot as the fifth starter or go back to the bullpen as a long man.

As first reported by ESPNChicago.com on Tuesday, Chad Tracy signed a one-year, minor league deal with the Cubs. He will have an opportunity to earn more if he makes the major league roster out of spring training.

Via ESPN.com