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Cubs rumors: Kyle Hendricks contract extension being explored, report says

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Cubs rumors: Kyle Hendricks contract extension being explored, report says

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The Chicago Cubs discover themselves in an attention-grabbing scenario with their pitching employees for the 2024 season, however the crew might be getting inventive to present themselves some monetary flexibility.

According to a report from 670 the Score’s Bruce Levine, filed Sunday as a part of the station’s “Hit and Run” program, the Cubs are “working on an extension” with beginning pitcher Kyle Hendricks.

The Cubs have a membership choice on Hendricks’ contract for the 2024 season, which might pay him $16 million. The crew additionally has a buyout on the contract for $1.5 million, according to Spotrac.

Hendricks posted a 6-8 file and a 3.74 ERA in 24 begins for the Cubs final season. He additionally confirmed upticks in his velocity and improved command, and was one of many extra exceptional tales of the 2023 marketing campaign after recovering from a capsular tear in his pitching shoulder.

An extension may probably decrease the annual worth of his contract by a number of million {dollars}, giving the Cubs a bit extra wiggle room below the luxurious tax threshold, whereas permitting them to pursue different choices to improve a crew that received 83 video games final season.

The negotiations for Hendricks come because the Cubs face the potential of Marcus Stroman opting into his 2024 contract, which might pay him $21 million. There is an opportunity he may nonetheless choose out and check free company, however together with his struggles within the second half of the season, taking the assured payday might win out for the right-hander.

Drew Smyly additionally has an opt-out clause in his contract with the Cubs, but when he chooses to remain, he would earn $10.5 million for the 2024 marketing campaign.

A call on Hendricks’ choice shall be due shortly after the conclusion of the World Series, giving the Cubs a finite period of time to barter a brand new cope with the lone remaining member of their 2016 championship membership.

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