8:01 pm: The deal also allows Smyly to retire at the end of next season, MLB.com’s Mark Feinsand reports (Twitter link). Smyly will have to weigh a trip back to free agency against the remaining $11 million in the next offseason contract.
7:52 PM: Bring back the cubs Drew Smilliedeal, starting as a free agent on a two-year deal. It is said to be a $19 million guarantee for a Frontline customer. Smyly will earn back-to-back salaries of $8 million and $8.5 million, and the contract includes at least $2.5 million for a mutual option of $10 million for the 2025 campaign.
Smyly returns after spending the 2022 season in Chicago. It was his second stint on a technicality as a Cubs, as he was a former member of the organization in 2018. He spent that entire season in rehab after previous Tommy John surgery, however, the Cubs had him deal to the Rangers during the 2018-19 offseason. . After three years elsewhere, he returned to Chicago this past winter with a $5.25 million guarantee.
The lefty has had a decent showing in 2022, working to a 3.47 ERA through 22 starts. He lost a month in the middle of the year due to a left oblique strain but stayed healthy and caught 106 1/3 innings. He hits the worst 20.4% of opponents in his career, but only hits 5.8% against hitters. Smyly held opponents to an average batting speed of 86.7 mph and hit swings on 12.4% of his bids. A high quality swing rate per court can herald a future increase in strikeouts. Smyly has defeated 23.2% of opponents over his career, although he has seen his lowest scores in the past two years.
Smyly doesn’t have impressive speed, and his below-average groundball numbers contributed to his home run problems in previous years. The long ball wasn’t much of a problem last season. He completely stifled lefty opponents to a .191/.277/.326 with two homers allowed with 101 plate appearances. Righties gave him more trouble, taking it 14 times deep and posting a .258/.301/.448 mark in 346 trips to the plate.
The 33-year-old has had some injury issues throughout his career, including the aforementioned Tommy John action. He’s spent time on the injured list every year since 2016, and has failed to reach 130 runs in any of the past six seasons. Smyly isn’t an innings prototype, but he’s been showing a decent 3.96 ERA in 259 1/3 frames dating back to the beginning of 2020.
This solid-rate production clearly appeals to baseball operations chief Jed Hoyer and his front office. Smyly finished the 2022 season strong and secured a multi-year deal as a result, with the guarantee narrowly topping the $17 million contract. Jordan Lyles Received from the royal family this week. The overall syndication market had a very strong start, and Smyly continued that trend with an average annual value of $9.5 million in the back of the Chicago cycle.
Cubs signed Jameson Tellon to a four-year deal earlier in the off-season. will join Marcus StrowmanAnd the Justin Steele And Smyly is supposed to be a lock for the season-opening starting team. Kyle Hendricks Numbers to get a rotational job whenever he’s healthy, though his position is somewhat up in the air after the 2022 season was cut short by a shoulder problem. Players love Keegan ThompsonAnd the Hayden WisinskiAnd the Caleb Killian And the Adrian Sampson It can be in the mix all season long as depth options. Thompson held over 17 games last season, while Wysinski and Killian are among the top prospects in the Chicago organization.
Exploiting Smyly’s $8 million salary in the 2023 payroll brings the team’s projected payroll to about $179 million, according to the calculation by list resource. They’re now about $107M in collateral for the 24 campaign. Chicago hasn’t quite returned to the $200M+ range they reached at the end of last decade, but they’ve eclipsed the $140M-150MM range in the past two seasons. The deal adds $9.5 million to the club’s tax ledger in 2023-24; They’re now at nearly $213 million in CBT spending for the upcoming season, $20 million shy of the $233 million baseline threshold.
ESPN’s Jesse Rogers It first reported that the Cubs and Smyly were close to a deal. FanSided’s Robert Murray reported that the Cubs and Smyly had agreed to a two-year, $19 million contract and slated a financial meltdown.
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