Cubs release Edwin Jackson, eat $15 million left on contract

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Edwin Jackson is officially a free agent, as the Cubs released the veteran right-hander after designating him for assignment last week.

That means Chicago is on the hook for the remaining $15 million or so on Jackson’s four-year, $52 million contract and he’s now able to sign with any team for whatever he can get.

Jackson was terrible as a starter for the Cubs in 2013 and 2014, combining to go 14-33 with a 5.58 ERA, but he was reasonably effective as a reliever this season with a 3.19 ERA and 23/12 K/BB ratio in 31 innings. At age 31 expect him to latch on somewhere as a fifth starter or middle reliever.