After wisely deciding to not offer Cappy arbitration, the Brewers have instead offered him a "heavily incentive-based" contract, according to MLB.com's Adam McCalvy. It's a minor league contract, and it's anyone's guess as to where Capuano will be pitching come next season's Opening Day.
Personally, I've always liked Capuano, if only because of his uncanny resemblance to a friend I have, who is also named Chris. While the Brewers need to do a lot more than this before I'm comfortable with their rotation, both me and my buddy Chris approve of this low-risk, high-reward move.
Elsewhere, the Brewers and Yankees appear to have met a stalemate regarding the Cameron / Cabrera trade talks.