Report: Anibal Sanchez will not sign with Cubs

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UPDATE 2: According to Jon Heyman, the Cubs are out on Sanchez, leaving the Tigers in position to sign the right-hander.

UPDATE: The Cubs have increased their offer for Sanchez to $77.5 million, while the Tigers have offered $75 million over five years, according to Ken Rosenthal.

According to Bob Nightengale of USA Today, the Chicago Cubs have signed right-handed pitcher Anibal Sanchez to a 5-year deal. Ken Rosenthal reports that the deal could be worth $75 Million over 5 years. 

The 28-year old starter was 9-13 with a 3.86 ERA and 167 K's in 195 innings split between the Miami Marlins and Detroit Tigers. 

More information as it breaks at Getting Blanked