Cubs Bet on Cody Bellinger as Cody Bellinger Bets on Himself

On a busy Tuesday at the Winter Meetings, the Cubs filled a hole in their outfield, signing centerfielder Cody Bellinger to a one-year deal with a mutual option for a second year, totaling $17.5 million in guaranteed money. The agreement gives the former MVP a change of scenery in his campaign to revive some version of the five-tool player who posted 7.7 WAR in his third full season at the age of 24 back in 2019 but has battled injuries and struggled mightily at the plate since then. For the Cubs, it’s a bet on a 27-year-old who they can reasonably expect, if healthy, to be no less than a solid defender in center field with a possibility to contribute a lot more value at the plate. It also means a chance to introduce some clarity into their 2023 outfield picture; barring further changes, Bellinger will join a pair of 28-year-olds in Ian Happ in left and Seiya Suzuki in right to form a capable starting unit for a team that was forced to employ a bit of a revolving door strategy in center in 2022.
| Player | Age | PA | HR | SB | BB% | K% | wOBA | wRC+ | BsR | Off | Def | WAR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cody Bellinger | 27 | 499 | 18 | 10 | 9.0% | 24.9% | .307 | 97 | 0.6 | -1 | 1 | 1.8 |
| Seiya Suzuki | 28 | 624 | 26 | 10 | 11.0% | 21.9% | .352 | 128 | -0.8 | 19.7 | -7.6 | 3.5 |
| Ian Happ | 28 | 651 | 23 | 9 | 10.5% | 24.6% | .331 | 114 | 0.1 | 10.6 | -5.4 | 2.8 |
The $17.5 million guarantee comes split over the next two years, as Bellinger will earn $12 million in 2023 with a $5.5 million buyout on the mutual option for the second year of the contract. This structure has become somewhat of a signature for the Cubs, who have signed a number of one-year deals with mutual options in the last couple of offseasons, including with Mychal Givens, Drew Smyly, and Jonathan Villar in 2022 and Jake Arrieta, Jake Marisnick, Joc Pederson, and Andrew Chafin in ’21. Mutual options are exceedingly unlikely to be picked up; in all likelihood, either the player did well enough in year one of the contract to want to test free agency or poorly enough that the club is unwilling to pay its end of the option. But the structure allows the team to offer a higher guarantee on a short-term contract while limiting its annual commitments under the salary tax and effectively deferring some portion of the money. For Chicago, Bellinger represents the beginning of what team president Jed Hoyer has indicated will be a busy offseason; just a few hours later, the Cubs signed right-hander Jameson Taillon to a four-year, $68 million deal. Attracting talent like Bellinger while managing to keep a good chunk of guaranteed money off the 2023 books is a great way to keep other doors open across the market. Read the rest of this entry »








