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Jed Hoyer

Poll: Should The Cubs Extend Jed Hoyer?

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Many organizations around the game tend to keep the contract status of their front office executives under wraps, but some clubs opt not to do this. One such organization is the Cubs, who have been run by president of baseball operations Jed Hoyer since he took over for Theo Epstein in November 2020. Hoyer’s contract is up after the 2025 season, a fact he himself acknowledged during Spring Training. While club chairman Tom Ricketts has previously spoken positively of Hoyer’s work at the helm, he’s stopped short in the past of offering a full vote of confidence and did not sign him to an extension prior to his lame duck season.

That could be a simple acknowledgement of the disappointment associated with the last several years of Cubs baseball. Chicago hasn’t made the playoffs under Hoyer’s guidance and last won a playoff game back in 2017. Some of those losing seasons were somewhat inevitable, as ownership cut payroll prior to the 2021 season and that lack of resources in conjunction with an early-season losing streak led to a massive trade deadline sell-off during Hoyer’s first season leading the front office. That kicked off a short rebuilding period where the team did not expect to win in 2022, but by 2023 the spending (and expectations) had ramped back up. That resulted in back-to-back 83-win seasons where Chicago missed the playoffs by a few games.

Entering 2025, the Cubs actually lowered payroll relative to 2024 after falling short in pursuits of top free agents like Alex Bregman and Tanner Scott. That didn’t stop them from being aggressive in other ways, though, as they surrendered a massive package to bring star outfielder Kyle Tucker into the fold for his final season before reaching free agency. The addition of Tucker, in conjunction with lower-level additions like Matthew Boyd, have so far allowed Chicago to weather the losses of front-of-the-rotation starters Justin Steele and Shota Imanaga and put themselves firmly in playoff position. The team has a 45-29 record entering play today, good for a 5.5-game lead in the division and the best record in National League.

Much of that success is due to young players Hoyer brought into the organization finding success. Pete Crow-Armstrong has developed into one of the game’s most exciting young stars after Hoyer acquired him from the Mets in exchange for Javier Baez and Trevor Williams at the 2021 trade deadline and Michael Busch has blossomed into one of the league’s better first basemen after being acquired from the Dodgers during the 2023-24 offseason. While less established than Crow-Armstrong and Busch, recent first-round picks Cade Horton and Matt Shaw have made their big league debuts and appear to be entrenched as long-term assets in the rotation and on the infield at this point.

While those positives are all exciting, the Cubs’ farm system has taken a bit of a hit after the trades that brought in Busch and Tucker. Hoyer surrendered Cam Smith, Jackson Ferris, and Zyhir Hope in those deals, each of whom have blossomed into exciting young talents with their new organizations. The team’s track record in free agency under Hoyer has been somewhat spotty as well. Deals struck with international free agents like Imanaga and Seiya Suzuki have proved to be relative bargains, and other large deals like those given to Dansby Swanson and Jameson Taillon have more or less returned the value expected from them. On the other hand, the Cubs were forced to eat some of Cody Bellinger’s contract just to get him off the books. Some mid-level additions in recent years like Drew Smyly, Hector Neris, and Trey Mancini offered minimal value while eating up considerable dollars in the team’s budget, as well.

No front office executive has a spotless track record. Hoyer is no exception to that, but his errors don’t stand out as particularly egregious compared to other execs around the league. With that being said, there aren’t many front office leaders around the game who have the same payroll capacity at their disposal without at least some playoff games to show for it. Big market teams like the Giants, Mets and Red Sox have made changes at the front office level due to lack of playoff success in recent years despite those teams having made the postseason more recently than the Cubs.

Ricketts hasn’t shown himself to have an itchy trigger finger during his time as chairman of the organization; Epstein was hired in 2011 and he remained with the organization until voluntarily walking away in 2020, at which point Ricketts handed the reins to Hoyer after years as Epstein’s GM. Perhaps that means a return to the playoffs will be enough to convince Ricketts to keep Hoyer in the fold. The Cubs seem well positioned to do that at this point in the calendar, and while things can certainly change over the next few months, it wouldn’t be a shock if this team made a deep run into the postseason.

How do MLBTR readers think the Cubs organization should proceed? Has Hoyer’s work developing the team’s farm system and delivering a legitimate contender in 2025 earned him a longer stay in Chicago, or should the organization move in another direction when his contract expires? Have your say in the poll below:

Jed Hoyer: Cubs Planning To Look For Pitching At Deadline

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Cubs president of baseball operations Jed Hoyer joined the New York Post’s Jon Heyman and Joel Sherman for an interview on the latest edition of The Show podcast (YouTube link), and discussed a number of topics about both his team and baseball at large.  Though we’re still several weeks away from the July 31 trade deadline, Hoyer did address his first-place team’s likeliest need.

“I think we’re going to be looking for pitching, both rotation and in the bullpen,” Hoyer said.  “I don’t think that’s a secret.  That’s not a knock on the guys we have.  But I think in today’s game, you’ve got to keep building depth.”

Justin Steele pitched in just four games before his season was prematurely ended by a UCL revision surgery, thus robbing Wrigleyville of one of its top arms for almost the entirety of the 2025 campaign.  Javier Assad hasn’t pitched at all this season due to a pair of oblique injuries, and since he only started playing catch a couple of weeks ago, it would seem that a return prior to the All-Star break might not be in the cards.  Shota Imanaga hasn’t pitched since May 4 due to a hamstring strain, and Hoyer said “the hope is” Imanaga will be able to return to the rotation before the end of June.

Without their two top pitchers and another hurler in Assad that expected to at least compete for a back-end rotation job, Chicago has done well to hold its own on the rotation front even with such a depleted set of starters.  Hoyer made a point of praising his in-house starters and his team’s defense for helping the run-prevention efforts, yet bringing at least one starting pitcher into the fold seems like a logical way to reinforce the roster heading into the pennant drive.

As one might expect, Hoyer didn’t share any hints about how big of a splash the Cubs are looking to make at the deadline, and still couched his comments within the framework of “if” the front office chose to make any additions by July 31.  It could be that Hoyer may not know the answer to such questions himself at the moment, as the Cubs’ trade pursuits may hinge on Imanaga’s assumed healthy status by July 31, Assad’s progress, or any other injuries or pitchers who are under- or overachieving in the coming weeks.

Hoyer also said that Porter Hodge is expected to return from his own oblique injury before June is out, which will bring another high-leverage candidate back to help the relief corps.  As Hoyer put it, however, bullpens are “always a work in progress…I don’t think you ever get to a point of feeling comfortable or feeling like it’s a set thing.”  With this in mind, the pen will be a focus both on July 31, and “we’ll keep on making small transactions [before the deadline] as well to get marginally better.”

On the flip side of the equation, Hoyer doesn’t see the Cubs doing much to alter its impressive core of position players on the trade front.  The Cubs have been one of baseball’s best hitting teams, with the powerful offense helping make up for any of the pitching staff’s shortcomings.

“Barring injury, there are probably some small things [we’ll consider] on the offensive side, but really I think that our position-playing group has been really good….The depth we have, top to bottom, I think we’re getting production both offensively and defensively from all our spots.  That’s made a huge difference.  As I think about it, pitching is the likely direction we would take if we were adding [at the deadline],” Hoyer said.

In terms of other topics, Hoyer said he wouldn’t comment publicly on either the existence of any extensions talks between the Cubs and Kyle Tucker, or even any talks between himself and the team on a new deal, as Hoyer’s current contract is up after the 2025 season.  Hoyer repeated past comments about how he hoped Tucker would stay in Chicago over the long term, and how much he has enjoyed his own 14-season tenure in the organization as first a general manager and then the head of the baseball operations department.

Hoyer did go into a little more detail about what might now be the most impactful trade of his five-year run as PBO — the July 2021 deadline deal that brought Pete Crow-Armstrong to the then-rebuilding Cubs from the Mets for Javier Baez, Trevor Williams, and some cash considerations.  New York took Crow-Armstrong 19th overall in the 2020 draft so it wasn’t as if PCA was an unknown quantity, yet a shoulder surgery limited the outfielder to only six games in his first pro season.

The Mets weren’t willing to discuss moving more highly-touted prospects at the time, as Hoyer said such players as Francisco Alvarez, Matt Allan, and Brett Baty were “off the table” in trade talks.  Mark Vientos “was a guy that was kind of discussed a little bit but it was clear they didn’t want to part with him,” Hoyer noted, so discussions turned towards elsewhere on New York’s minor league depth chart.

Crow-Armstrong “was sort of out of sight, out of mind, I believe,” Hoyer said.  “Looking back, I think his injury didn’t allow him to perform, and therefore I think he became a guy [the Mets] were willing to trade in that deal.  So I think it was good fortune for us that they did take some really good players off the table, and most of those guys are helping the Mets right now, but Pete’s injury allowed that to happen and it worked out really well for us.”

While Hoyer felt Crow-Armstrong was going to improve as a hitter during his second full Major League season, even the executive admitted to being a little surprised at the extent of the breakout.  PCA has been one of the very best all-around players in the sport, delivering 17 homers, 21 stolen bases, and a .277/.313/.559 slash line over 275 plate appearances while also playing Gold Glove-level defense in center field.

Cubs Chairman Tom Ricketts Discusses Offseason, Payroll, Front Office

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The Cubs’ blockbuster trade for Kyle Tucker generated the biggest headlines in Wrigleyville this winter, with the team also adding such notables as Matthew Boyd, Colin Rea, Eli Morgan, Carson Kelly, and Caleb Thielbar to the roster.  President of baseball operations Jed Hoyer stated this week that the Cubs were still looking to add to the bench and bullpen, and recent reports suggest that the latter pursuit could even take the form of a big-ticket signing of Tanner Scott.

One of the over-arching questions about Chicago’s winter plans is exactly how much Hoyer had available to spend, and chairman Tom Ricketts addressed this point in an interview with The Athletic’s Patrick Mooney.  Ricketts said that the team expects to spend around the $241MM luxury tax threshold, which therefore gives the Cubs quite a bit of extra capacity, as RosterResource estimates its current tax number at roughly $198.3MM.

This doesn’t necessarily mean that the Cubs will be splashing around a lot of that cash in the coming weeks, however, as Ricketts said some money could be earmarked for upgrades at the trade deadline.  “We always have the ability to add payroll if we need to at the deadline.  And if there’s a piece we need to keep winning, there’s always that option,” Ricketts said.

The same wait-and-see mentality also impacts the remainder of the winter, as Ricketts noted that teams “don’t control the timing of when these guys sign.  And every offseason is different.  Nothing will happen for three weeks, and then one guy will sign.  And then three other guys want to sign in the next two days.  You just have to be flexible through the process, and keep an eye open at the end with some dry powder, in case there is someone that might be value-added that comes at a good price.”

A more expensive signing like Scott would take up a sizeable, yet not overwhelming, portion of Chicago’s budget space.  Rumors have persisted that the Cubs remain at least on the periphery of the Alex Bregman and Jack Flaherty markets, so despite Hoyer’s comments about the team’s focus on more lower-tier moves, Chicago can’t be entirely ruled out as a landing spot for either player until they sign elsewhere.  Bregman is reportedly not interested in a shorter-term deal with opt-outs while Flaherty is at least open to such an arrangement, so Flaherty could be a better fit as the type of “value-added” opportunity Ricketts describes (though any number of teams might also be interested in Flaherty in that same context).

The Cubs have taken a step back in their approach to payroll in recent years, as 2024 marked the first time since 2020 that Chicago’s Opening Day payroll landed within the league’s top ten spenders.  While the Cubs boosted payroll last year and into this offseason, some budget restraints are still clearly in place.  Most notably, the trade that sent Cody Bellinger to the Yankees was about unloading the majority of Bellinger’s remaining salary, in addition to clearing room for Tucker in Chicago’s outfield.

Fans have criticized Ricketts for this relative lack of spending from a big-market team, with some fingers pointed at the private investment firm Arctos for having an influence in this department.  Ricketts pushed back against this criticism in particular, noting that because Arctos has investments in multiple MLB teams, “they’re not allowed to participate in any baseball discussions, so they’re walled off from anything to do with payroll or player analysis….Ultimately, the private equity investors have very long-term horizons and are just looking to participate in the appreciation of sports assets in general.  They don’t need certain win totals or cash-flow numbers.  They’re just strong, silent partners.”

As always, the Competitive Balance Tax is calculated via average annual value plus additional player benefits, as opposed to just straight dollars — this is why the Cubs’ $227.7MM payroll in 2024 translated to a $239.9MM tax number, which put Chicago slightly over the $237MM tax threshold.  This means that the Cubs would have to give up two draft picks in order to sign a qualified free agent like Bregman, which is why non-qualified free agents like Scott or Flaherty could be preferable.

Not coincidentally, the Cubbies’ scaled-back spending through a semi-rebuild coincided with a dearth of postseason baseball.  After reaching the postseason in 2020, the Cubs had sub-.500 seasons in both 2021 and 2022 before posting identical 83-79 records in each of the last two seasons.  There has been plenty of frustration among Cubs fans over the last two years’ worth of near-misses, and it has led to speculation that Hoyer is facing extra pressure as he enters the last year of his contract as the team’s PBO.

Ricketts downplayed the idea of 2025 as a particularly important season, noting that “every year, the goal is the playoffs.”  While Ricketts didn’t give Hoyer an outright vote of confidence in terms of promised job security, the chairman did praise Hoyer’s big-picture approach to roster-building.

“You evaluate the front office on a couple levels.  Obviously, No. 1, is just the wins on the field,” Ricketts said.  “That’s the most obvious metric to check.  But it’s just overall organizational health.  One thing that’s been very encouraging over the past few years is that we have drafted better. And the guys that we have drafted have developed more quickly than some years past.  We put ourselves really behind the eight-ball a few years ago with a series of drafts that weren’t very productive.  And I think we’re on the other side of that now.  We’ve got a lot of players coming through, which will give Jed a lot of trade capital to go into the future.”

Evaluators and pundits have increasingly praised the state of the Cubs’ farm system, and this depth already manifested itself in the Tucker trade.  Isaac Paredes was included in the three-player trade package to the Astros because the Cubs have confidence that Matt Shaw is ready for regular third-base work, plus top prospect Cam Smith was also sent to Houston in the deal.

“Maybe in a few years, people will say we should have traded somebody else,” Ricketts said.  “But that’s what it is – there’s a balance to every trade.  In this case, I think Jed was right in assessing that we needed an impact bat this season.”

Ricketts also added that “hopefully, [Tucker will] enjoy his time here and he’ll be here a long time.”  Tucker is a free agent after the season, and while Ricketts naturally isn’t going to outright say that the Cubs view him as a just a one-year rental, his comment at least leaves open the possibility that the Cubs are willing to give Tucker the mega-deal that he’ll undoubtedly command if he keeps up his current form.  Jason Heyward’s $184MM contract remains the most expensive deal in Cubs history, and the club is very likely going to have to at least double that price to re-sign Tucker.

Managers & Top Front Office Executives On Expiring Contracts

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Several teams don’t publicize contract details for their top front office executives or even for their managers, so this list of skipper and execs (any head of a baseball operations department, whether titled as a president of baseball ops, general manager, chief baseball officer, etc.) entering the final year of their deals may not be entirely complete or accurate.  Still, since MLBTR so often focuses on players entering their “contract year,” this post provides a rough outline of which notable team personnel may be feeling some extra pressure as their own deals may be close to expiring.

It is quite possible some of these names may have already quietly signed extensions weeks or months ago, or will sign new deals during Spring Training once clubs turn their attention away from offseason roster-building.  A shorter-term extension may not necessarily indicate much extra job security, as some teams tack an extra year (or at least a club option) onto an executive or managerial contract just to avoid the appearance of that person entering a lame-duck year.  Of course, even a longer contract is no guarantee of job security, as a rough season can instantly put a manager or a front office on the hot seat.

As always, thanks to Cot’s Baseball Contracts for reference information on some of these contract terms.

Angels: Ron Washington is already heading into the final season under contract, as he signed only a two-year deal to manage the Halos in November 2023.  While the Angels were only 63-99 last season, it could hardly be considered Washington’s fault given the subpar state of the roster.  Expectations will be higher in 2025 since the team has been aggressing in adding talent this winter, and since GM Perry Minasian got a contract extension last August, Los Angeles might also look to add a year onto Washington’s deal to at least keep him on line with the guaranteed portion of Minasian’s new contract.  It should be noted that Washington turns 73 this coming April, so he might also prefer to just take things year-to-year if he has any thoughts about retirement.

Astros: Dana Brown is entering his third season as Houston’s GM, and the terms of his contract weren’t made public when he was hired in January 2023.  It is possible Brown might only be working on a three-year deal since his predecessor James Click also received just a three-year commitment, though Click was hired in the singular aftermath of the Astros’ sign-stealing scandal.  This probably isn’t a situation to monitor too closely since the Astros have kept winning during Brown’s tenure, with the caveat that owner Jim Crane and his advisors are known to weigh heavily on baseball operations decisions.  Click was let go within days of winning a World Series due to reported acrimony with Crane, but there hasn’t been any indication of any heat between Crane and Brown.

Athletics: Mark Kotsay’s initial contract covered the 2022-24 seasons, and the A’s picked up Kotsay’s 2025 club option over a year ago.  GM David Forst said in October that “there’s no one I would rather have managing this team,” and that Kotsay “wants to be here,” though there hasn’t been any public word about any extension talks.  As comfortable as Kotsay seems with the organization, it is possible he might be willing to let the season play out and then explore his options, if he has any uncertainty over continuing to manage the A’s through their stint in West Sacramento before their planned move to Las Vegas for the 2028 season.  While no public details were revealed about Forst’s latest contract, the GM has obviously signed some kind of extension since his last deal expired after the 2023 season, and said in November that “I’ve been here for 25 years.  There’s not a thought that I wouldn’t be in this for the long run.”

Blue Jays: Manager John Schneider is entering the last guaranteed season of his three-year contract, as the Blue Jays hold a club option on Schneider for 2026.  It is fair to guess that the Jays might not exercise that option too far in advance, as there is widespread speculation that another disappointing season (or even a slow start) will cost Schneider his job.  The same could be true of general manager Ross Atkins, even though Atkins is under contract through 2026.  Team president Mark Shapiro is also entering the final season of his five-year contract, and while Shapiro’s focus has been more towards bigger-picture projects like Rogers Centre’s renovations, his possible departure might also trigger a larger overhaul unless the Jays turn things around on the field in 2025.

Braves: Manager Brian Snitker is entering the last year of his contract, so the Braves might well look to tack at least one more season onto Snitker’s deal this spring.  Snitker has led Atlanta to the postseason in each of the last seven seasons, highlighted by the team’s World Series victory in 2021.  He has stuck to just shorter-term deals and extensions during his tenure, which is probably due more to his age (Snitker turned 69 in October) than any dissatisfaction on the organization’s part, so no change seems imminent in the Braves dugout.

Cardinals: John Mozeliak’s exit plan is already in place.  The longtime head of the St. Louis front office is stepping down after the 2025 season, with Chaim Bloom already inked to a long-term contract to become the Cardinals’ next president of baseball operations.

Cubs: The Cubs have posted 83-79 records in each of the last two seasons, but they still haven’t reached the postseason during Jed Hoyer’s four-year tenure as president of baseball operations.  2025 is the last year of Hoyer’s original five-year contract, and acquiring Kyle Tucker (who is a free agent next winter) in a big-ticket trade might indicate that Hoyer is feeling some heat to win as soon as possible.  It can be argued that Hoyer has been somewhat hamstrung by ownership’s reluctance to spend at the top of the market, but that might also indicate that ownership could be considering hiring a PBO with more experience in building contenders on limited budgets.

Dodgers: Reports surfaced earlier today that the Dodgers are planning to work out an extension with Dave Roberts, as the skipper is entering the last season of his last three-year extension with the club.  It comes as no surprise that L.A. wants to retain Roberts in the wake of the team’s second World Series title during his tenure, and it stands to reason that president of baseball operations Andrew Friedman is also a candidate for a new deal, perhaps regardless of the terms of his last agreement.  Friedman came to the Dodgers on a five-year deal in October 2014, then signed an extension of an unknown length in November 2019.  If that next contract was another five-year pact, Friedman is a technically free agent right now, but there has no zero indication that Friedman (who has been as busy as ever in bolstering the Dodgers roster this winter) is going anywhere.

Guardians: This is a speculative entry since it has been well over a decade since Chris Antonetti’s contract terms were publicly reported.  Even if he is approaching the end of his current deal, there hasn’t been any sense that the Guardians are planning a front office change, especially not in the wake of another AL Central crown and a trip to the ALCS.  Antonetti has been a member of Cleveland’s front office since 1999, and in his current role as president of baseball operations since October 2015.

Mariners: Jerry Dipoto has been extended twice since the M’s first hired him in September 2015, and his last extension in September 2021 was a multi-year deal of unspecified length.  It is therefore possible this could be Dipoto’s final season under contract as Seattle’s president of baseball operations, unless another extension has been signed in the last three-plus years.  Despite four straight seasons of 85 or more wins, the Mariners reached the playoffs just once in that span, as a lack of hitting has hampered the team over the last two years in particular.  It remains to be seen if ownership is okay with just being competitive (or, as Dipoto infamously put it, winning “54 percent of the time“) or if any impatience is growing over the Mariners’ difficulty in truly breaking through as a contender.  The Mariners were sparked to a 21-13 record down the stretch after manager Dan Wilson was hired last August, so it could be that the managerial change (and a change of hitting coaches) is what was needed to get the M’s back on track, but Dipoto and Wilson could both face pressure if Seattle again falls short of postseason baseball.

Orioles: Mike Elias has been Baltimore’s GM for six seasons, though his contract terms haven’t been made public at any point during his tenure.  Manager Brandon Hyde signed a three-year deal when first hired prior to the 2019 season, and he has signed at least one or perhaps two extensions since, leaving his contract status a bit of a mystery.  This is another situation where job security probably isn’t an issue, as the Orioles have come out of their rebuild to reach the playoffs in back-to-back years, even if the club has yet to record even a single postseason win in that span.  New owner David Rubenstein is eager to win but hasn’t shown any inclination to changing the leadership structure since he bought the Orioles earlier this year.

Pirates: Ben Cherington has now completed five full seasons as the Buccos’ general manager, so he either signed a somewhat unusually long contract when first hired, or he has already inked one extension that has escaped public attention.  Pittsburgh fans are impatiently waiting for the first winning season of Cherington’s tenure, as the team has flirted with contention in each of the last two years before finishing with identical 76-86 records.  Paul Skenes has at least emerged as the crown jewel of the Pirates’ lengthy rebuild process, so regardless of Cherington’s contract terms, it doesn’t appear as though he is in any danger of being fired.

Rangers: Bruce Bochy’s return to managing saw him sign a three-year contract with Texas, so 2025 represents the final year of that deal.  Bochy turns 70 in April but didn’t give any hints about retiring when speaking to reporters at the end of the season.  A second straight losing season might change the equation either on Bochy’s end or on the front office’s end, but the Rangers’ 2023 World Series title (to say nothing of Bochy’s three previous rings as the Giants’ manager) has naturally brought him a lot of leeway within the organization.  Both sides might prefer to go year-to-year just to maintain flexibility, but it wouldn’t be surprising if Bochy soon gets another year added to his contract.

Rockies: Bud Black has signed three straight one-year extensions to remain as Colorado’s manager, and past reports have indicated that Black is on something of an unofficial year-to-year rolling contract with the organization.  It is perhaps notable that Black’s most recent deal wasn’t finalized until this past October, whereas his previous two extensions were completed prior to the start of the seasons.  This might indicate that ownership and/or Black himself are starting to think harder about continuing the relationship in the wake of six straight losing seasons, even despite the Rockies’ well-known penchant for staying loyal to long-term employees.  The same logic could extend to GM Bill Schmidt, though Schmidt’s contract terms haven’t been known since he was elevated to the full-time general manager position in October 2021.

Royals: Matt Quatraro is entering the final guaranteed year of his initial three-year contract as manager, though the Royals have a club option on his services for the 2026 season.  J.J. Picollo has also completed two full seasons as the team’s general manager since being elevated to top of Kansas City’s baseball ops ladder in September 2022, though his contract status in the wake of that promotion wasn’t known.  Regardless, it doesn’t seem like either is going anywhere, and extensions could be in order since the Royals enjoyed an 86-win season and a return to the playoffs last year, including a wild card series win over the Orioles.

Tigers: Likewise, Detroit is also coming off a playoff appearance and a wild card series victory, as a magical late-season surge left the Tigers just one game short of the ALCS.  It is therefore safe to assume that president of baseball operations Scott Harris has plenty of job security, and while his contract terms aren’t known, it is probably safe to assume Harris received more than a three-year guarantee when he was hired in September 2022.

Twins: Some larger-scale changes could be afoot in Minnesota since the Pohlad family is exploring selling the Twins, and some shuffling in the front office has already taken place, with president of baseball ops Derek Falvey also becoming the president of business operations and Jeremy Zoll replacing Thad Levine as general manager.  Falvey’s previous deal was up after the 2024 season so obviously he signed an extension, but while manager Rocco Baldelli’s previous extension is known to have run through at least the end of the 2025 campaign, it is unclear if the coming season is the final year of that deal.  If Baldelli is indeed heading into a lame-duck year, the ownership situation might prevent the skipper from getting at least another season added to his deal, just so a new owner could potentially have a clean slate in evaluating things once they take over the team.

White Sox: This is more of a speculative entry, just because Chris Getz’s contract terms weren’t released when he was named Chicago’s general manager in August 2023.  A GM wouldn’t normally be considered to be on the hot seat so soon after being hired, nor are immediate results expected since the White Sox are quite obviously going through a hefty rebuild.  While nobody expected the Sox to contend in 2024, however, there’s a difference between just being a losing team and having a league-record 121 losses.  Another embarrassment of a season might give owner Jerry Reinsdorf second thoughts about Getz’s stewardship of the rebuild effort, or the possibility exists that Reinsdorf could sell the team, which should shake the organization up entirely.

Yankees: Aaron Boone quieted some of his critics when the Yankees both returned to the postseason, and captured the first AL pennant of Boone’s seven-year stint as the Bronx manager.  This result led the Yankees to exercise their club option on Boone’s services for 2025, and while no negotiations had taken place about a longer-term deal as of early November, it stands to reason that some talks will take place before Opening Day.  Then again, Boone’s current deal wasn’t signed until after he’d already completed the final season his previous contract, so it could be that the Yankees will again play wait-and-see.  There isn’t much sense that Boone is in jeopardy, and while expectations are always high in New York, ownership’s loyalty to Boone through some relative lean years would make it unusual if he was let go so soon after a World Series appearance.

Ricketts Discusses Hoyer, Cubs’ Payroll

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The Cubs missed the postseason for the fourth consecutive season. Chicago finished 83-79 for a second straight year. That’s a frustrating outcome in a down NL Central — especially since Chicago added around $30MM to its Opening Day payroll relative to 2023, per Cot’s Baseball Contracts.

Owner Tom Ricketts spoke with Meghan Montemurro of the Chicago Tribune about the team’s payroll outlook. Ricketts confirmed that the Cubs narrowly exceeded the $237MM base competitive balance tax threshold — as president of baseball operations Jed Hoyer suggested they would in August. Like most owners, Ricketts didn’t provide a clear answer as to whether he’d be willing to pay the tax for a second straight year.

“The penalties on CBT, they grow over time and so you want to be careful when you do it,” Ricketts said. “And so if there’s ever some point in the future where there’s a large financial commitment you want to make midseason, you have to be thoughtful about it.” Ricketts is referencing the escalating penalties for teams that pay the tax in consecutive seasons. The Cubs stayed below the CBT threshold in 2023, so they’re first-time payors this year. That’ll subject them to a 20% tax on their first $20MM in overages. Cot’s estimates that they were only about $300K over the line, so the actual tax payment (roughly $55K) is more or less a rounding error for an MLB team.

Paying at all means the Cubs would be taxed at a 30% rate for their first $20MM in overages if they surpass the threshold next season. That jumps to 42% for the next $20MM and comes with higher penalties (75% and 90%) for the respective $20MM after that. The penalties would increase if the Cubs paid the tax for a third straight year.

The CBT also includes higher penalties for teams that lose or add a free agent who declined a qualifying offer. The Cubs don’t have any impending free agents who’ll get a QO. If they signed a qualified free agent, they’d forfeit their second- and fifth-highest selections in the 2025 draft and $1MM in international bonus pool space.

Next year’s base threshold climbs to $241MM. Cot’s projects the Cubs around $150MM in CBT obligations. That assumes Cody Bellinger will not opt out of the final two seasons on his contract but does not include arbitration projections. MLBTR contributor Matt Swartz projects the entire arbitration class to cost around $33MM if they were all tendered contracts. Moving on from some or all of Patrick Wisdom, Yency Almonte, Christian Bethancourt, Julian Merryweather, Nick Madrigal, Trey Wingenter, Jimmy Herget and Colten Brewer could knock that down to the $20MM range.

That’d leave approximately $70MM before the lowest threshold, so there’s a lot of payroll room before the tax becomes a concern. Ricketts’ note about the potential for midseason acquisitions could point to a preference to stay below the tax line during the offseason. A team’s CBT number isn’t calculated until the end of the season. Salary acquired in midseason pickups counts on a prorated basis in the calculation.

Allocating those resources will be at Hoyer’s discretion. The front office leader is entering the final season of the five-year extension that he signed in 2020. Chicago is still seeking its first playoff appearance since Theo Epstein turned the reins to Hoyer after the ’20 season.

It’s relatively common for teams to sign executives and coaches to extensions before the final year of their deal, thereby preventing from operating in a lame duck situation. Ricketts sidestepped a question regarding a potential Hoyer extension. “He’s under contract, that’s the way I see it,” the owner told Montemurro. “I think he’s motivated. … I think Jed’s going to have a great offseason and put us back in the playoffs next year.”

Latest On Cubs, Cody Bellinger

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The Cubs and center fielder Cody Bellinger came together on a one-year deal last offseason after Bellinger was non-tendered by the Dodgers that November. The deal went exceptionally well for both sides as Bellinger bounced back to his previous, All Star-caliber form with a .307/.356/.525 slash line in 130 games last year before returning to the open market earlier this winter. Since, then, Bellinger’s market has been a surprisingly quiet one. MLB.com’s Mark Feinsand provided an update on the 28-year-old’s free agency today, suggesting that it’s a “widespread belief” in the industry that Bellinger will return to the north side when all is said and done this winter.

Even so, Feinsand makes clear that no deal is considered close between the two sides. While Bellinger is known to be seeking north of $200MM in free agency this winter, Feinsand indicates that Chicago brass is “showing restraint” in their bids for Bellinger’s services given the lack of aggressive suitors pursuing the offseason’s top free agent outfielder. While the report suggests the Blue Jays, Angels, Giants, Mets, and Mariners could all be possible suitors for the slugger’s services, Feinsand makes clear that those teams are likely only interested in the event that Bellinger’s price tag drops considerably below his current asking price.

It’s easy to see the fit for Bellinger in Chicago. While the club added infielder Michael Busch in a trade with the Dodgers this winter, giving the 26-year-old a likely inside track for the club’s wide-open first base job, the club still suffers from a relative lack of left-handed power and the return of Bellinger could help to fill the vacuum. What’s more, his 134 wRC+ last year led the team as they fell just a game short of returning to the playoffs in a full season for the first time since 2018, and his departure would leave a hole in the middle of the club’s order unless he was replaced with another quality bat.

That being said, if Bellinger were to patrol center field on a regular basis that would seemingly block top prospect Pete Crow-Armstrong, who made his major league debut last September with a profile highlighted by his defensive wizardry in center. While Crow-Armstrong may benefit from more development time at the Triple-A level (where he’s logged just 34 career appearances) after he went hitless in his first 19 trips to the plate in the majors last fall, the presence of Seiya Suzuki and Ian Happ on long-term deals in the outfield corners could complicate the Cubs’ long-term outlook in the outfield if Bellinger does return.

More notes from the north side of Chicago…

  • As relayed by The Athletic’s Patrick Mooney, veteran right-hander Kyle Hendricks recently noted that, contrary to rumors that percolated this past autumn, the sides did not discuss a potential multi-year deal before the Cubs picked up his club option back in November. Hendricks added that the sides similarly haven’t made any sort of progress on a hypothetical contract extension in the months since. The 34-year-old has spent his entire major league career with the Cubs and rebounded from a pair of injury-marred seasons to post a solid 3.74 ERA and 3.81 FIP in 24 starts for the club last year. The longest-tenured player remaining on the big league roster, Hendricks figures to reach free agency for the first time in his career next winter if the sides don’t reach an agreement before then. In the event Hendricks does depart after the 2024 campaign, it could create openings in the club’s rotation for a number of young pitchers including Jordan Wicks, Javier Assad, and top pitching prospect Cade Horton.
  • While the Cubs have typically avoided committing to free agent relievers on multi-year deals in recent years, president of baseball operations Jed Hoyer recently indicated that the club may be willing to go out of its comfort zone in order to bolster the bullpen this winter. As relayed by The Athletic’s Sahadev Sharma, Hoyer noted that the Cubs have made “some” multiyear offers to bullpen arms in free agency this offseason before going on to emphasize that bolstering the club’s relief corps is a focus for the team headed into 2024. With Josh Hader and Robert Stephenson having recently come off the market, the likes of Aroldis Chapman, Matt Moore, David Robertson and Hector Neris represent the best remaining bullpen options in free agency.

Jed Hoyer Denies Cubs Are Out On Shohei Ohtani

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Earlier today, a report from Bob Nightengale of USA Today said that the Cubs were falling out of the bidding for Shohei Ohtani, saying that their “optimism of landing Ohtani has now significantly waned.” However, the club’s president of baseball operations Jed Hoyer denied that framing at the Winter Meetings. “I don’t know where that came from,” Hoyer said to Maddie Lee of the Chicago Sun-Times. “There’s no nothing to report whatsoever.”

The Ohtani sweepstakes have been notably unusual since he and his camp reportedly prefer a shroud of secrecy over the proceedings. Reporting appears to indicate that the field is down to five clubs: The Dodgers, Angels, Blue Jays, Cubs and Giants. Ohtani is “believed” to have met with the Jays recently and there were “indications” of a meeting with the Giants prior to that. Dodgers manager Dave Roberts decided not to play the cloak-and-dagger games, straight up admitting that his club recently met with Ohtani.

Overall, information has been tougher to come by than a typical free agency, but Hoyer felt compelled to address today’s reporting. He said they have not been given a “status check” from Ohtani’s reps but wouldn’t discuss the club’s interest beyond that. Earlier today, manager Craig Counsell was asked about having meetings with Ohtani and replied “I have not,” per Meghan Montemurro of the Chicago Tribune. When asked if the front office had met with Ohtani, he repeated his “I have not” response.

The Cubs currently have a payroll of $178MM, per Roster Resource. That’s $25MM shy of their franchise high payroll of $203MM, per the figures at Cot’s Baseball Contracts. Ohtani is expected to require a contract with an average annual value somewhere in the $40-50MM range, but it stands to reason the Cubs would probably have some willingness to go beyond previous spending levels for such a uniquely talented player as Ohtani. Beyond his on-field talents, he is a big international star who should be able to provide his next club with extra revenue via increased ratings, merchandise sales and ticket sales.

One club that seems to be in the opposite position is Atlanta. It was reported recently by Jon Morosi of MLB.com that the club was “actively involved” in the Ohtani bidding. But president of baseball operations Alex Anthopoulos seemed to contradict that in speaking to the media today. When asked about the club’s interest in Ohtani, he said the only position player they’ve pursued this offseason is Jarred Kelenic, per Justin Toscano of the Atlanta Journal-Constitution. They acquired Kelenic earlier this week and Anthopoulos says they are now happy with the lineup and group of position players.

Ohtani would upgrade any team in the world but it’s unclear where his priorities lie. He could go for the largest guarantee or a contract with multiple opt-outs, or perhaps something different like geography or a club’s ability to win, or perhaps a combination of those factors. Given the secrecy around the meetings, it’s also unclear how each club is pitching Ohtani or what kind of offers they are discussing.

Jed Hoyer On Bellinger, Hendricks, Ross

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Cubs president of baseball operations Jed Hoyer met with reporters on Tuesday (including Meghan Montemurro of the Chicago Tribune) to discuss his team’s disappointing finish to the 2o23 season and his plans for the upcoming offseason. Topics of interest included the team missing the playoffs, Kyle Hendricks’ and Cody Bellinger’s futures in Chicago, and manager David Ross’ performance in 2023.

While the Cubs finished above .500 for the first time in three years, Hoyer made it clear he didn’t view the season as a success. While most didn’t see the Cubs as serious contenders entering the year, the front office had postseason aspirations from the get-go. Thus, when the Cubs were eliminated after the penultimate game on the schedule, Hoyer was in no mood to celebrate a mere winning season.

However, that doesn’t mean he saw nothing to celebrate in 2023. The executive praised the work David Ross put in this season, extolling the skipper’s willingness to accept criticism and work through disagreements. He left no room for doubt that Ross will return next year. Rather than blaming the manager for what went wrong, Hoyer made sure to give him plenty of credit for all the ways in which the club improved. His comments about the rest of the coaches were less straightforward, and he would only say that further conversations about the coaching staff will take place in the coming days.

Hoyer also had nothing but good things to say about Bellinger and Hendricks, each of whom had bounce-back seasons. Bellinger slashed .307/.356/.525 with 20 stolen bases while splitting his time between first base and center field. He finished with 4.1 FanGraphs WAR in 130 games, finally looking like an All-Star again after two straight seasons of subpar performance. Hoyer said he’d be happy to have the lefty batter back next year but acknowledged he might walk in free agency. If Bellinger does leave, however, the Cubs are committed to replacing his offensive production in the lineup.

As for Hendricks, who pitched to a 3.74 ERA in 24 starts, Hoyer expressed that he’d love to keep the veteran starter in Chicago “for next year and beyond.” That being said, he would not commit to picking up the righty’s $16MM club option for 2024. While $16MM is a perfectly reasonable price to pay for a capable mid-rotation starter, the Cubs might be planning to pay Hendricks his $1.5M buyout instead and then work toward a multi-year deal with a lower annual salary.

Hoyer would not commit to a certain amount of spending over the winter, although he mentioned that there is no hard and fast rule from ownership to stay under the luxury tax threshold. The Cubs were aggressive last winter, signing Dansby Swanson, Jameson Taillon, Drew Smyly, Trey Mancini, and Bellinger to eight-figure deals. While Hoyer didn’t say anything to suggest he’d spend quite as much this offseason, he did say that he wants to retain the momentum from last winter’s spending spree.

NL Central Notes: Cubs, Stroman, Burnes, Wainwright

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As the trade deadline on August 1 creeps ever closer, the Cubs stand as one of a handful of teams that has yet to make a decision regarding whether they will be buyers or sellers this trade season. President of baseball operations Jed Hoyer spoke to 670 The Score on Friday regarding the club’s plans. Hoyer asserted that “there is nothing we want more than to add” at the coming deadline, though he made clear the club was willing to pivot if buying at the deadline seemed imprudent.

The Cubs currently sit at a record of 43-48 following today’s win against the Red Sox, a record that will leave them seven games out of first place following this evening’s game between the Reds and Brewers. While the club’s +27 run differential is by far the best in the NL Central, Hoyer acknowledged that in order to justify buying at the deadline, “We need to make up ground on first place, and we need to make up ground on .500.”

Should the Cubs fail to do so over the next two weeks, the club seems poised to shop players like center fielder Cody Bellinger and right-hander Marcus Stroman to contending clubs. Stroman, whose lack of extension talks with the club has been well documented, told reporters (including Bruce Levine of The Score) today that he does not expect an extension offer from the Cubs prior to the trade deadline. Even if he’s traded, however, Stroman indicated he would have interest in returning to Chicago on a new contract during the offseason. Stroman can opt-out of the final year and $21MM on his contract after the 2023 campaign comes to a close, and seems all but certain to do so after posting a 2.88 ERA in 118 2/3 innings across his first 20 starts of the season.

More from around the NL Central:

  • While Stroman’s future is up in the air, the same can’t be said for Brewers ace Corbin Burnes, who told reporters (including MLB.com’s Adam McCalvy) that GM Matt Arnold has privately told him that he will not be traded. That matches what Arnold has said publicly, as he previously indicated that Milwaukee would look to add at the deadline and would not consider moving either Burnes or shortstop Willy Adames. The news hardly comes as a surprise given the step back Burnes has taken this season relative to the Cy Young-caliber performance he offered from 2020-22, during which time he posted a 2.62 ERA and 2.40 FIP across 428 2/3 innings of work. In 2023, Burnes has been more solid than spectacular, with a 3.73 ERA and 4.07 FIP in 19 starts with a reduced 24.8% strikeout rate.
  • Cardinals veteran Adam Wainwright has endured a difficult season as he prepares to retire following the 2023 campaign. In 11 starts with St. Louis this season, Wainwright posted a ghastly 7.66 ERA and 5.87 FIP prior to heading to the injured list prior to the All-Star break with a shoulder strain. Wainwright is expected to return to the mound this season, however, and manager Oli Marmol today provided an update on the veteran’s status. In conversation with reporters, including MLB.com’s John Denton, Marmol noted that Wainwright was set to resume throwing off a mound on Monday after receiving multiple shots in his shoulder to help alleviate pain. Once back on the mound, Wainwright will be built up to return to the club’s rotation later this season.

Cubs Expecting To Add Starting Center Fielder; Active In Shortstop Market

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It’s shaping up as a busy off-season for the Cubs as they look to push on with their rebuild and improve on their 74-88 record in 2022. According to remarks made by president of baseball operations Jed Hoyer to Maddie Lee of the Chicago Sun-Times, the Cubs are expecting to add a starting center fielder, while Jon Morosi of MLB Network reports that the team has been one of the most active early on in the shortstop market.

“We have guys internally that will certainly play out there [in center],” Hoyer said, “but I think the lion’s share might come from external.”

Rafael Ortega and Christopher Morel had the bulk of the playing time in center this past season, but while both are under club control for next season, Hoyer’s comments make it pretty clear that neither are seen as their center fielder moving forward. Ortega hit .241/.331/.358 with seven home runs, while Morel posted a .235/.308/.433 line with 16 home runs in his rookie campaign. Morel bounced around the infield positions as well, but neither posted positive defensive marks for their work in center.

A number of the Cubs top prospects are outfielders, but they’re at varying stages of their development. Their top prospect, according to Fangraphs, Pete Crowe-Armstrong is at High-A while Kevin Alcantara (third) is at Single-A. Brennen Davis and Alexander Canario are their best outfield prospects at Triple-A, but both are injured and uncertain timelines.

“Certainly with [Alexander] Canario’s injury and Brennen [Davis’] setback, it made that just that much more obvious,” Hoyer said.

As far as center field options go in free agency, the options aren’t particularly plentiful. Aaron Judge is the biggest name available, but while he played a significant amount of center this season for the Yankees, it seems unlikely the Cubs would be prepared to make the sort of splash needed to land him. Brandon Nimmo’s blend of elite on-base skills, solid power, and adequate defense would make him a strong candidate, but even though he’ll be much cheaper than Judge, he’ll still likely command a deal north of $100MM and there’ll be plenty of suitors to drive his price up.

Two less high profile names to consider are Kevin Kiermaier and Cody Bellinger, and Gordon Wittenmyer of NBC Sports reports that both are n the Cubs’ radar. Kiermaier, 33, is a free agent after the Rays declined his team option for 2023. While his previously elite defensive numbers have dropped off as he’s aged, he’s still a strong defender and would be a cheaper stopgap option until one of the Cubs’ prospects are ready. Bellinger could well become a free agent shortly if the Dodgers opt to non-tender him. He’s dropped off considerably since his 47-homer MVP year in 2019, posting a wRC+ of 47 and 83 the past two seasons, but is still a solid defender in center, and at 27, he’s young enough that a change of scenery might allow him to rediscover some of his offensive talent.

While a big splash in center doesn’t appear likely, it could come at shortstop where the team is active in the market for the top four options available – Trea Turner, Carlos Correa, Dansby Swanson and Xander Bogaerts. Wittenmyer’s report adds that the Cubs apparently “love” Correa, something that dates back to the 2012 draft when they were eyeing him up with the sixth pick before he went first overall to the Astros. The 28-year-old had a strong platform year with the Twins, where he signed on a short term deal after no adequate long term deals materialized last winter. He’ll look to cash in this winter though, and it’s certainly possible that his contract lands in the $300MM range over nine or ten years.

The Cubs used Nico Hoerner at shortstop this year to great effect. Hoerner was worth 11 Defensive Runs Saved and 13 Outs Above Average at the position, but he could easily slide over to second base in the event the Cubs do sign one of the aforementioned shortstops, and take over at shortstop again if a new signing begins to decline and needs to switch position.

Ultimately, it’s going to be a busy winter for the Cubs, and it won’t just stop at shortstop and center field. As Wittenmyer adds, the Cubs have explored upgrading at first base and have checked in with Josh Bell and Trey Mancini, while they’re also looking to beef up their rotation and showing interest in Koudai Senga and a reunion with lefty Drew Smyly. The Cubs payroll is currently projected at $126MM, according to RosterResource. That’s well short of the sort of spending they made during their championship years last decade, so as they begin to show progress in their rebuild, it’s not surprising to see them willing to flex their financial muscle again.

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