CHICAGO -- The Chicago Cubs and pitcher Drew Smyly finalized a $19 million, two-year contract on Saturday.
Smyly has an opt out after the 2023 season. The left-hander will make $8 million next year and $8.5 million in 2024. There is a $10 million mutual option for 2025 with a $2.5 million buyout.
The 33-year-old Smyly went 7-8 with a 3.47 ERA in 22 starts for Chicago last season.
Smyly joins a group of potential starters that includes Marcus Stroman, Jameson Taillon and Kyle Hendricks. The Cubs also have Justin Steele, Adrian Sampson and Keegan Thompson in the mix.
Chicago went 74-88 this year and finished third in the NL Central. But it went 40-31 in its last 71 games. The rotation had a 2.89 ERA after the All-Star break, third in the majors behind the Astros (2.70) and Dodgers (2.73).
Smyly's deal is part of a flurry of moves by the Cubs. They have finalized contracts with All-Star shortstop Dansby Swanson, 2019 NL MVP Cody Bellinger and Taillon. They also agreed to terms with Gold Glove-winning catcher Tucker Barnhart, pending a physical.
Smyly broke into the majors in 2012 with Detroit. He is 53-47 with a 4.10 ERA in 239 big league appearances, including 156 starts.
Smyly went 11-4 with a 4.48 ERA in 29 games, 23 starts, for the World Series champion Braves in 2021. He agreed to a one-year deal with Chicago in March that included a $10 million option for 2023, but he turned down that option last month.
Smyly also signed a $10 million, two-year contract with the Cubs in December 2017, but he never pitched for Chicago during that deal. Working his way back from Tommy John surgery, he ran out of time to get into a big league game in 2018 and was traded to Texas that November.