Cody Bellinger Re-signs with Cubs on a Three-Year, $80 Million Deal

The deal includes player opt-outs, pushing the Cubs closer to the luxury tax threshold and impacting MLB free agent strategies.

Cody Bellinger re-signs with the Chicago Cubs on a three-year deal worth $80 million, featuring player opt-outs after each season.
The Cubs are now pushing against the luxury tax threshold, with a focus on improving the team even if it means exceeding the limit.
Chicago Cubs' management is likely done adding to the bullpen, emphasizing the need for young pitchers to step up.
The signing of Bellinger addresses the Cubs' concern for a left-handed presence in their lineup.
Other teams, including the Giants, are adjusting their free agent strategies following Bellinger's deal with the Cubs.