In a move that isn’t entirely surprising given their recent statements about expecting to be over the competitive balance tax threshold this season, the Cubs have reportedly placed Drew Smyly on irrevocable outright waivers. He remains active and can still pitch for them until the waiver process runs its course, but he’s gone if another team needs a lefty starter at around $4.5 million. Smyly is owed just under $2 million for the remainder of this season and also has a $2.5 million buyout on his $10 million mutual option for next season.
Cubs Reportedly Place Drew Smyly on Waivers as Potential Cost-Cutting Measure
