The Cubs' offseason just got a whole lot more interesting with the Cody Bellinger contract option on the table. Cody Bellinger's contract option is a $11.5 million option for the 2024 season.
Cody Bellinger's option is a significant move for the Cubs, and it's one that will have a major impact on the team's roster and finances. The Cubs have a decision to make on whether to exercise the option, which could be a game-changer for the team's chances in the upcoming season.
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Cubs Offseason Moves
The Cubs have made a significant move in their offseason, signing Cody Bellinger to a three-year, $80 million contract with opt-out possibilities after the first two years. This deal will pay Bellinger $30 million, $30 million, and $20 million across the three seasons.
Bellinger's best season since his MVP-winning campaign in 2019 was with the Cubs in 2023, where he hit .307 with an .881 OPS and compiled 97 RBIs on a team that struggled.
The Cubs' front office was waiting for Cody Bellinger and his agent Scott Boras to engage in talks, and it appears that has now happened, with the reunion between Bellinger and the Cubs all but finalized.
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Cubs Considering Trade for Star
The Cubs are considering trading Cody Bellinger, a $27.5 million star player, according to reports.
Bellinger had a disappointing first year of his three-year, $80 million contract, batting .266 with 18 home runs and 78 RBIs.
He can exercise a $25 million option in his contract for 2026 after next season, which might make it difficult for the Cubs to trade him.
Rival teams are hesitant to take on Bellinger's contract due to the uncertainty around whether he'll exercise his 2026 option.
Bellinger's salary is not unaffordable for big-spending teams, and he could be an attractive option for teams that miss out on free-agent outfielder Juan Soto.
The Yankees have shown interest in Bellinger in the past, and he could be one of their options if they lose Soto.
However, Bellinger's guaranteed $32.5 million would likely mitigate the return in a trade, and the Cubs might need to take back an inflated contract or accept marginal prospects.
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Cody Bellinger Signs with Cubs for $80 Million
Cody Bellinger returns to the Cubs on a three-year, $80 million contract with opt-out possibilities after the first two years.
Bellinger will receive $30 million in each of the first two years and $20 million in the third year. This deal is a significant step up from his one-year, $17.5 million contract with the Cubs in 2023.
Bellinger's production in 2023 was his best since his MVP-winning campaign in 2019, with a .307 batting average and .881 OPS. He also compiled 97 RBIs on a struggling Cubs team.
Bellinger's agent, Scott Boras, had reportedly used Phillies star Bryce Harper and Rangers star Corey Seager as comparisons for Bellinger's pursuit, highlighting their ability to improve after signing big deals at a young age.
The Cubs' front office was waiting for Boras to engage in negotiations, and it appears that's now happened, with Bellinger signing a significant contract with the team.
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Cody Bellinger Contract
Cody Bellinger has picked up his $27.5 million player option with the Chicago Cubs.
He will earn $27.5 million in 2026, or he can opt out of the contract for a $5 million buyout that will be paid in two installments of $2.5 million each on January 15, 2026, and January 15, 2027.
Bellinger's contract with the Cubs is a three-year deal worth $80 million, with opt-out possibilities after the first two years.
He will earn $30 million in 2024, $30 million in 2025, and $20 million in 2026, under the terms of his contract.
Bellinger's agent, Scott Boras, had reportedly used Phillies star Bryce Harper's and Rangers star Corey Seager's contracts as comparisons for Bellinger's pursuit.
Bellinger had initially wanted more than $200 million, but ultimately agreed to the three-year deal with the Cubs.
He will turn 30 in July and has a career batting average of .259 with 196 home runs and 597 RBIs in 1,005 games.
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Frequently Asked Questions
Does Cody Bellinger have an opt-out?
Cody Bellinger has an opt-out clause in his contract after this season, which could lead to him entering free agency. He may have the Houston Astros as a potential suitor if he exercises this option.
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