Chicago Cubs Sign Matthew Boyd to Two-Year, $29 Million Deal

The veteran left-hander joins the Cubs' rotation after a strong comeback season with the Cleveland Guardians.

Matthew Boyd, 33, has agreed to a two-year, $29 million contract with the Chicago Cubs, including $1 million in potential performance bonuses.
Boyd made a successful return from Tommy John surgery in 2024, posting a 2.72 ERA over eight starts and excelling in the postseason for the Cleveland Guardians.
The Cubs add Boyd to a rotation that already features left-handers Justin Steele and Shota Imanaga, reinforcing their pitching depth.
Boyd's deal includes a $5 million signing bonus, annual salaries of $7.5 million in 2025 and $14.5 million in 2026, and a mutual option for 2027 worth $15 million.
The Guardians had expressed interest in retaining Boyd, but their offer was reportedly outmatched by the Cubs' financial terms.