As I noted earlier this morning, today was the day for MLB teams to settle contracts with arbitration-eligible players. The deadline, 12 noon CT, has passed. If arb-eligible players are not signed as of now, they and the teams will exchange contract figures and likely head to a hearing.
Five of the six arb-eligible Cubs have reported to have agreed to terms. Here are the contract terms, and a brief comment on each.
SETTLED: #Cubs and LHP Justin Steele have settled on a $4M contract, avoiding arbitration.