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Shota Imanaga Reaches Free Agency After Cubs Decline Option and Lefty Rejects Player Year

The Cubs must decide this week on a $22.025 million qualifying offer that could keep him for 2026 or return draft-pick compensation if he signs elsewhere.

Overview

  • Chicago declined a three-year, $57 million club option covering 2026–28, which triggered a $15 million player option for 2026 that Imanaga then declined, making him a free agent.
  • ESPN’s Jesse Rogers first reported the option sequence that opened Imanaga’s path to the market.
  • Imanaga posted a 3.28 ERA over two seasons with Chicago, earning a 2024 All-Star nod, but his 2025 included a hamstring absence, a late-season surge in home runs allowed, and postseason struggles.
  • The Cubs can still issue a one-year qualifying offer worth $22.025 million; if he declines and signs elsewhere, they would receive draft-pick compensation.
  • Reports note the declined club option would have included no-trade protection, and the move signals Chicago’s preference for payroll flexibility as potential suitors such as the Dodgers, Red Sox, and Mets evaluate the left-hander.