2 things.
I don't think the Cubs are a MAJOR player for Beltran unless they move sosa's contract. Removing the Yanks from the sweepstakes, only increases the chances of him going to the Cubs
King George already has 4 OF's under contract next season. (sheffield, Williams, Matsui, Lofton) at a cost of about $35M
Why would he need to add another?