If you wanted to ditch Adam Dunn's salary in hopes of picking up Carlos Zambrano, I'm afraid your dreams are dashed…

CHICAGO -- The Chicago Cubs and pitcher Carlos Zambrano have agreed to terms on a five-year contract extension with a vesting option for a sixth year that keeps the right-hander with the club through at least the 2012 campaign. Zambrano, who signed with the club as a non-drafted free agent on July 12, 1997, has spent his entire 10-season professional career in the Cubs organization. Financial terms of the contract were not disclosed.

Zambrano, 26, owns a 78-51 career record with a 3.37 ERA (429 ER/1145.0 IP) in 193 games (172 starts) with the Cubs since making his Major League debut in 2001. His .605 career winning percentage ranks 10th in franchise history (min. 120 decisions) while his 1,004 strikeouts rank 11th and his 7.90 strikeouts per 9.0 innings pitched as a starter rank fourth in club annals (min. 500.0 IP).

The Puerto Cabello, Venezuela native is a two-time National League All-Star, earning the honor in 2004 and 2006. At 23 years old in 2004, he became the youngest Cub in franchise history to pitch in a Mid-Summer Classic. In addition to his All-Star honors, Zambrano is a three-time National League Pitcher of the month award winner, earning the honor in September 2004, July 2006 and July 2007.

This season, Zambrano is tied for the National League lead with 14 victories while his 168.0 innings pitched ranks fourth, his 139 strikeouts rank fifth and his .231 batting average against ranks sixth. His 1.38 ERA (6 ER/39.0 IP) in July led the majors while his five victories were tied for the Major League lead and helped him earn N.L. Pitcher of the Month honors.

In 2006, Zambrano set a career high with 210 strikeouts while tying his career mark with 16 victories. He ranked second in the N.L. with a .208 batting average against and a 2.97 road ERA while his .696 winning percentage (16-7) was third and his 210 strikeouts ranked fourth. The .696 winning percentage was the highest for a pitcher on a last place team since Roger Clemens went 21-7 (.750) for the 1997 Toronto Blue Jays.

Zambrano put together a career-high, nine-game winning streak from June 5-July 30 last season, becoming just the third Cubs pitcher to win at least eight straight decisions since the start of the 1985 season. In addition, he became the first Cubs pitcher since 1995 to record a 10-game road winning streak, as he went 10-0 from Aug. 17, 2005-July 25, 2006. He joined Steve Trachsel as the only Cubs hurlers to accomplish the feat since 1930.

Zambrano has belted 12 career home runs, which ranks tied for second-most among pitchers in Cubs franchise history. His six long balls in 2006 tied the franchise record for most in a season by a hurler with Fergie Jenkins, who accomplished the feat in 1971. Zambrano also drove in 11 runs in 2006 en route to earning N.L. Silver Slugger Award honors.

Zambrano made his Major League debut as a 20 year old Aug. 20, 2001. He became the first player born during the decade of the 1980s to appear in a game for the Cubs.

CINCINNATI -- Cincinnati Reds executive vice president and general manager Wayne Krivsky today announced the acquisition of LHP Matt Maloney from the Philadelphia Phillies in exchange for RHP Kyle Lohse.

Maloney, 23, this season at Philadelphia's Class AA Reading affiliate went 9-7 with a 3.94 ERA and 1 complete game in 21 starts. He allowed just 117 hits while striking out 115 batters in 125.2 innings. He leads the Eastern League in innings pitched and ranks fourth in strikeouts.

The Phillies' third-round draft pick in 2005, Maloney entered this season rated by Baseball America as the ninth-best prospect in the Phillies' organization. In 2006, in just his second professional season, he was named South Atlantic League Pitcher of the Year after going 16-9 with a 2.03 ERA and 180 strikeouts in 27 starts and 168.2 innings pitched for Lakewood. He led the SAL in victories, innings pitched and strikeouts.

Maloney will report to Class AA Chattanooga.

Lohse, 28, this season went 6-12 with a 4.58 ERA in 21 starts. In his 21 appearances, the Reds went 8-13.

Reds Press Release

CINCINNATI -- At a press conference at noon Monday at Great American Ball Park, Cincinnati Reds president and chief executive officer Bob Castellini and executive vice president and general manager Wayne Krivsky will announce Pete Mackanin as interim field manager for the remainder of the 2007 season.

Mackanin, 55, will replace Jerry Narron, whose Reds teams went 31-51 (.378) this season and 157-179 (.467) overall.

The club will have no comment until tomorrow's press conference in the field level interview room.

Mackanin (pronounced mah-CAN-in) will be introduced Tuesday at 4 p.m. in the field level interview room as the 59th manager in Reds history, the 49th since 1900.

He previously was in the organization from 1990-92, when he managed Class AAA Nashville in the American Association, and he rejoined the Reds in February 2006 as the Major League club's advance scout.

It will be Mackanin's second stint as an interim manager in the Major Leagues. In 2005 he managed the final 26 games for the Pittsburgh Pirates, who went 55-81 under Lloyd McClendon.

He spent seven seasons on the Major League coaching staffs of the Montreal Expos (third base coach, 1997-2000) and Pirates (bench coach, 2003-05) and has 21 seasons of managerial experience in the minor leagues and winter leagues.

Mackanin managed in the minors for 13 years and produced 917 victories and league championships in 1995 (Ottawa, International League) and 2002 (Lynchburg, Carolina league). For 8 seasons he skippered winter ball clubs in Venezuela, Dominican Republic and Puerto Rico. In 1988, he led Aguilas del Zulia to Venezuelan League and Caribbean Series championships.

An infielder, Mackanin was selected by the Washington Senators in the fourth round of the June 1969 free-agent draft. In 9 Major League seasons he appeared in 548 games for the Texas Rangers, Expos, Philadelphia Phillies and Minnesota Twins.

He will wear uniform number 46.

CINCINNATI -- The Cincinnati Reds and United Dairy Farmers are teaming up to provide fans with free gasoline.

Through July 29, fans who purchase four tickets to any game the rest of the season can receive a coupon good for $10 or $20 in free gas at Greater Cincinnati, Dayton and Columbus UDF stores. The amount of the free gasoline coupon will depend on the seat location of the tickets.

To take advantage of this offer, fans must purchase tickets in increments of four via the internet at reds.com/udf or by phone at (513) 381-REDS. The special cannot be used in conjunction with any other ticket discount offer.

Tickets must be purchased in advance of game day and be picked up at the ticket kiosks located at Great American Ball Park's Crosley Terrace and Gapper's Alley or at the Kenwood Towne Centre. The free gasoline coupon will be included with the kiosk's ticket printouts.

Lest you think that I was finally going to get to confront Bronson Arroyo about him being such a jerk to me, his July 1 concert has been canceled. You know, Arroyo has said that the Red Sox didn't support his musical endeavors; I wonder whether the Reds are putting the pressure on hm to focus solely on his pitching.

CINCINNATI -- The second annual Perfect Pitch concert, scheduled for Sunday, July 1 at the Madison Theater in Covington, Kentucky, has been canceled.

Reds pitcher Bronson Arroyo, the featured performer at the concert, said, “The timing isn't good right now. My body is a little banged up, and I'm trying to help us win baseball games.”

Arroyo is slated to perform at Kahn's Redsfest, presented by Great American Insurance, benefiting the Reds Community Fund. The event returns to the Duke Energy Center downtown Dec. 7-8.

The Perfect Pitch concert was slated to feature Arroyo, Chad Perrone and Screaming Mimes. It was to be hosted by local comedian Josh Sneed.

At a May 27 concert downtown, Arroyo helped generate more than $6,000 in charitable proceeds that benefited the Reds Community Fund and Homes for our Troops program. Arroyo is also donating $100 for each strikeout this season to Homes for our Troops, an organization that provides homes at no cost to injured or disabled servicemen and servicewomen and their immediate families.

Fans who purchased tickets to the Perfect Pitch concert will receive a full refund and two tickets to a 2007 Reds home game.