Cubs Rumors

The two-time defending champions have done it again. The Dodgers officially announced their four-year, $240MM contract with Kyle Tucker on Wednesday afternoon. The deal includes $30MM in deferrals and will come with an approximate $57.1MM annual value for luxury tax purposes. Tucker, a client of Excel Sports Management, receives a $64MM signing bonus — all but $10MM of which is paid upfront — and can opt out after the second or third seasons. Outfielder Michael Siani was designated for assignment in a corresponding move.

Los Angeles will pay the first $54MM signing bonus next month. They’ll owe the remaining $10MM in February 2027, and the signing bonus is guaranteed even in the event of a work stoppage. Tucker will make a $1MM salary this year, followed by a $55MM salary in ’27 and $60MM annually for the final two years if he doesn’t opt out. The team is deferring $10MM annually in the final three years, which will be paid in installments between 2036-45.

Tucker, who turns 29 on Saturday, is the latest superstar addition to what was already MLB’s most feared offense. He slots into a lineup alongside Shohei Ohtani, Freddie Freeman, Mookie Betts, Will Smith, Max Muncy, Teoscar Hernández and Tommy Edman. He’ll join Hernández and Andy Pages as the primary outfielders, with Edman capable of logging center field action when he’s not at second base.

Los Angeles has four outfield prospects who rank prominently near the top of their farm system. They reportedly wanted to avoid locking in long-term commitments as a result. They’ve accomplished that with arguably the biggest annual value in the sport’s history.

It’s a $60MM average on the surface. Without adjusting for deferrals, Tucker’s deal would be the second-highest AAV ever. Ohtani landed a $70MM AAV on his 10-year, $700MM guarantee, though the massive deferrals meant it had a “true” annual value closer to $46MM. One should therefore view the $51MM annual salary on Juan Soto’s 15-year, $765M deal as the more accurate record holder until tonight. Tucker’s adjusted AAV beats that by more than $6MM.

Although Tucker was this offseason’s top free agent, he’s a clear step below the likes of Aaron Judge, Ohtani and Soto of the previous three winters. Tucker has been a consistent All-Star who’s a little outside the top tier of superstars. The fifth overall pick by the Astros in 2015, he broke out in the shortened 2020 season after logging limited big league action in the two preceding years. He connected on 29 or 30 home runs in each of his first three full campaigns, improving his approach along the way.

Tucker was already a great hitter and seemed to be on his way to pulling closer to Judge, Soto and Ohtani with a monster start to the 2024 season. He was out to a .266/.395/.584 slash with more walks than strikeouts through the first two months. He fouled a ball off his right leg and was placed on the injured list with what the Astros initially termed a shin contusion. It turned out to be more serious, as subsequent testing revealed a fracture that kept him out for three months.

The four-time All-Star returned no worse for wear and had a fantastic September. The Astros nevertheless decided to field trade calls after the season. They were never going to meet Tucker’s asking price on an extension and felt they could cash him in for help elsewhere on the roster. They lined up a deal with the Cubs around the Winter Meetings that sent Isaac Paredes, Hayden Wesneski, and prospect Cam Smith to Houston for Tucker’s final year of arbitration.

Tucker’s lone season in Chicago had its ups and downs. He got out to another blistering start, running a .284/.359/.524 slash with 12 homers through the first day of June. He jammed his right thumb diving into second on a stolen base attempt that day. He avoided the injured list, but subsequent testing revealed that he sustained a tiny fracture at the top of his hand between his ring finger and pinky.

The hand injury wasn’t viewed as a serious issue until Tucker’s performance began to suffer. That didn’t occur right away. His next few weeks were the finest of the season, in fact. Tucker slashed .311/.404/.578 across 25 games that month. Things went off the rails in July, as he batted .189/.325/.235 with just one home run over the next six weeks.

The existence of the hairline fracture wasn’t reported until the middle of August. Cubs officials acknowledged that Tucker had been injured in June but said that he was fully healthy by the time the injury was revealed publicly. Maybe the thumb became a retroactive explanation for what was actually a simple slump, though it’s possible he developed some subtle bad habits in June as he tried to mitigate the pain of hitting through the break. Manager Craig Counsell gave Tucker a three-game mental reset towards the end of August before plugging him back into the middle of the order.

Tucker appeared to be getting back into a groove when he hit another speed bump. He strained his left calf in early September and landed on the injured list, costing him three weeks in the season’s final month. He finished the regular season with a .266/.377/.464 slash line in a little under 600 trips to the plate. He hit .259 with one homer in eight postseason games as the Cubs advanced to the NL Division Series.

The uneven second half soured some Cubs fans on the Tucker acquisition. His overall numbers were in line with his career marks. The offense was 36 percentage points better than league average by wRC+. His lifetime .273/.358/.507 batting line is 38 points above par. Tucker has been in that range in four of the past five seasons. The only exception is his .289/.408/.585 showing over 78 games two years ago.

The ’24 season is probably an outlier, but the Dodgers should feel they’re adding one of the top 10-15 hitters in MLB. He doesn’t expand the strike zone and has a rare blend of plus contact skills and above-average power. Tucker has no issue hitting pitchers of either handedness. He doesn’t have the huge exit velocities of the sport’s premier sluggers, yet he’s a safe bet for 25-30 homers in a healthy season.

Tucker’s glove isn’t as strong at this stage of his career. He won a Gold Glove with Houston in 2022. His defensive grades and sprint speed have declined as he’s gotten into his late-20s. That presumably gave teams pause when considering a long-term investment. Tucker’s defense should remain serviceable in the short term. The Dodgers can comfortably plug him into right field and kick Hernández over to left if they don’t trade him.

The Cubs issued Tucker a qualifying offer but made little effort to retain him. The bidding seemingly came down to the Dodgers, Mets and Blue Jays. New York was similarly hesitant to make a long-term commitment, as they reportedly offered a four-year deal at $55MM per season. Toronto was seemingly willing to entertain a longer term at a lower annual value.

Tucker is L.A.’s second qualified free agent signing of the offseason. They added Edwin Díaz on a three-year, $69MM deal around the Winter Meetings. They surrendered their second- and fifth-round draft choices this summer, plus $1MM from their 2027 international bonus pool, to sign Díaz. They’ll forfeit their third- and sixth-round picks for Tucker. The Cubs receive a compensatory pick between Competitive Balance Round B and the start of the third round (currently slated to land 77th overall).

MLBTR had predicted an 11-year, $400MM deal for Tucker at the beginning of the offseason. It’s unclear if any team would have been willing to go to those lengths. He’s giving up some measure of long-term security in exchange for massive salaries over the next couple seasons and the chance to return to free agency at the tail end of his prime.

He’ll have the option of retesting the market before his age-31 and age-32 campaigns — and without being attached to draft compensation barring a change to the qualifying offer rules in the intervening CBA. A five- or six-year guarantee could be well within range at that point. He’ll collect a huge signing bonus, essentially shatter the record for average annual value, and join the team with the best chance to win the World Series in the interim.

While the specific salary breakdown hasn’t been reported, the Dodgers are reportedly paying $54MM of the signing bonus right away. RosterResource estimates their cash payroll obligations close to $428MM for the upcoming season. Tucker’s $57.1MM AAV will push their competitive balance tax projection north of $395MM.

They’re taxed at a 110% rate on spending above $304MM, so Tucker’s deal comes with a staggering $62.81MM tax hit in the first season. The Dodgers are essentially valuing Tucker’s 2026 season alone at $120MM. L.A. ended last season with a luxury tax payroll of $417MM, costing them another $169.4MM in taxes. Their tax bill alone was higher than the final payroll calculations of 12 teams. They’re trending towards a similar or potentially even greater amount in 2026 depending on what else they do this offseason and at the trade deadline. The aggressiveness continues as they aim for the first three-peat in MLB since the 1998-2000 Yankees.

Tucker’s deal is going to be the latest example for many fans and smaller-market owners who will argue for a salary cap in the upcoming round of collective bargaining negotiations. This level of spending also reaffirms why the MLB Players Association has steadfastly maintained that a cap is a non-starter. Next offseason’s CBA talks are expected to be similarly or even more contentious than those that froze the sport for 99 days during the 2022-23 lockout.

That’s not the concern of the Dodgers or their fans, who’ll be thrilled to add another star as they try to cement their dynastic run. They’ll be heavy favorites in the NL West, and it’s difficult to imagine a scenario in which this team doesn’t make the playoffs. A championship is far from guaranteed, however. The Jays were one swing away from beating them in Games 6 and 7 of last year’s World Series. An extra quarter-second on Isiah Kiner-Falefa’s dash home or another few feet on Ernie Clement’s fly ball in the bottom of the ninth would have flipped the outcome. L.A. ownership and the front office aren’t getting complacent.

After missing on Tucker, the Jays seem likely to reengage with Bo Bichette. Their longtime shortstop is now the top unsigned player. He has reportedly had a productive meeting with the Phillies, but the Jays and Bichette have long expressed mutual interest in a reunion. Bichette wouldn’t be a great fit for the Mets, but they could conceivably pivot to challenging the Yankees for Cody Bellinger. The Mets still don’t have a left fielder after swapping Brandon Nimmo for Marcus Semien. Their reported offer to Tucker demonstrates there’s plenty of room for short-term spending, but president of baseball operations David Stearns has shied away from lengthy commitments this winter.

Jeff Passan of ESPN first reported that Tucker was signing with the Dodgers. Jon Heyman of the New York Post had it as a short-term contract, while Robert Murray of FanSided was first on the four-year, $240MM guarantee. Murray reported the opt-out after the second season, and Passan had the third-year out. Heyman reported the $30MM in deferrals. Ari Alexander of Boston 7 News was first on the $57.1MM post-deferral AAV. ESPN’s Jesse Rogers had the signing bonus details. The Associated Press had the salary breakdown and deferral specifics.

Image courtesy of Christopher Hanewinckel, Imagn Images.