Left-hander Drew Smyly exercised his player option to return to the Cubs, tweets Jesse Rogers of ESPN. He’ll make an $8.5MM salary next season and is guaranteed a $2.5MM buyout on a mutual option for 2025. There wasn’t much suspense with the decision. Smyly wasn’t going to beat $11MM in guarantees on the open market. The veteran southpaw had a tough 2023 campaign, allowing five earned runs per nine across 142 1/3 innings. The Cubs moved him to the bullpen in mid-August as his struggles mounted. Smyly fared well in relief, working to a 2.51 ERA through 28 2/3 innings. That’s perhaps the ideal role for him to assume in 2024. The Cubs have Justin Steele, Kyle Hendricks and Jameson Taillon locke
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