Smyly signed a two-year, $19 million contract with the Cubs on Thursday, Robert Murray of FanSided.com reports.

EDGE Analysis

Smyly will return to Chicago for at least two more seasons after he declined a mutual option worth $10 million with the club earlier in the offseason. In 2022 -- his first season with the Cubs -- Smyly maintained a solid 3.47 ERA and 1.19 WHIP, though he was limited to 106.1 innings due to an oblique strain. According to Murray, Smyly's new deal also includes a mutual option worth $10 million for the 2025 campaign and it includes a $2.5 million buyout.