Cubs Decline Drew Smyly's Contract Option

The Chicago Cubs have entered a critical offseason, highlighted by two major decisions: superstar Cody Bellinger has opted into his $27.5 million player option for the 2025 season, while the team has declined Drew Smyly's $10 million mutual option, making him a free agent. Bellinger's decision comes as a surprise to many, given his earlier performance and expectations to test free agency, especially after a tumultuous market for his peers. Smyly, who had a solid but inconsistent season with a 3.84 ERA over 50 games, was deemed not a fit for the Cubs' long-term plans as they look to strengthen their bullpen. The Cubs' bullpen has been a concern, but they showed improvement in the second half of 2024. This offseason, they will need to add depth, particularly left-handed relief options, as Smyly's departure leaves them with limited alternatives. With Bellinger's retention and Smyly's exit, the Cubs are positioned with around $40 million in available funds under the luxury tax for further roster improvements.