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The person spoke on condition of anonymity Tuesday because the
team had not announced the decisions.
Imanaga agreed in January 2024 to a contract guaranteeing $53
million. He wound up earning $23.25 million over two seasons,
including a $250,000 escalator for 2025 by finishing fourth in
2024 NL Cy Young Award voting.
Chicago had to decide this week whether to exercise its option
for $20.25 million each in 2026 and '27 and $17.25 million in
2028, figures that increase by $250,000 each because of the
escalator.
Once the team declined, he had the decision on a 2026 option. If
he had exercised that option, it would have triggered club
options for $24.25 million in 2027 and $15.25 million in 2028.
The Cubs could still extend Imanaga a qualifying offer of
$22,025,000 for 2026. If he declines and signs with another team
before the amateur draft, the Cubs would receive a draft pick as
compensation.
Imanaga, 32, was an All-Star in 2024, when he went 15-3 with a
2.91 ERA, finishing fourth in NL Rookie of the Year voting.
He was 9-8 with a 3.73 ERA in 25 starts this year, when he was
sidelined between May 24 and June 26 by a strained left
hamstring.
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