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Cubs Reportedly Sign LHP Matthew Boyd to 2-Year, $29M Deal

The Cubs made their first significant move of the offseason, with Jon Heyman reporting they’ve signed lefty Matthew Boyd to a two-year, $29 million contract that includes another $1 million in potential performance bonuses. This is somewhat of a curious move for a team that was expected to shop in the upper-middle class of the pitching market, though perhaps it’s indicative of other deals to come.

Boyd gets $29M for 2 years. $14.5M a year Plus $1M pbs (500K each year) #Cubs https://t.co/qy3QNP82pR

— Jon Heyman (@JonHeyman) December 2, 2024

Boyd, who turns 34 in February, has never thrown more than 185.