The Chicago Cubs have signed reliever Jeremy Jeffress to a one-year, $850,000 deal.
While Jeffress is coming off a bad year — due mostly to hip and shoulder problems — this is a surprisingly low figure for Jeffress, who was said to have had a “sizable market” last September, with the Mets, Phillies, Reds, and Rays all rumored to be in on him. It’s also worth noting that he is just a year removed from an excellent 1.29 ERA season with the Brewers. He is reported to be eligible for $200,000 in incentives, which could bring this deal closer to what a reliever of his caliber’s going rate might be.
As for the Cubs, they haven’t been particularly active this offseason — indeed, this is their first free agent acquisition — but I suppose we should give them credit for buying low on a guy who should probably be able to help their bullpen.