During a conversation with the Tribune before the Cubs Convention kicked off Friday, Chairman Tom Ricketts lauded president of baseball operations Jed Hoyer for executing the team’s offseason plan — namely landing one of the top free-agent shortstops.
Cubs outfielder Cody Bellinger is introduced at the opening ceremony of the Cubs Convention at the Sheraton Grand Chicago on Jan. 13, 2023, in Chicago.The roster had too many holes entering the offseason and, frankly, lacked enough good players to field a competitive team in 2023. One month before pitchers and catchers report to Mesa, Ariz., for spring training, the Cubs have added talent up the middle in an effort to prioritize defense.
“I’m not sure if that’s a long-term trend, but I’m certainly aware that players are going to be expecting longer contracts going forward.
“It’s just really important that you go into that with eyes wide open,” he said. “Just by definition in free agency, you’re kind of paying largely for past performance. If they can maintain that performance for the first half of their contract, then it’s of value, but you can’t expect them to maintain that performance for 11 years. You’ve got to always keep that in mind.”The Cubs introduce new shortstop Dansby Swanson during a press conference on Dec. 21, 2022, at Wrigley Field.
With outfielder Ian Happ and second baseman Nico Hoerner in line for raises through arbitration, the current payroll estimate is $172 million. The threshold for Major League Baseball’s competitive balance tax is $233 million this year. The Cubs exceeded the CBT threshold, then $206 million, in 2019, and they were over the $208 million mark in 2020, though MLB suspended the tax for the pandemic-shortened season.
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