Chicago Cubs finalize $5 million, 1-year contract with right-hander Colin Rea

By The Associated Press

FILE - Milwaukee Brewers pitcher Colin Rea throws during a baseball game against the Oakland Athletics in Oakland, Calif., Saturday, Aug. 24, 2024. (AP Photo/Jeff Chiu, File)[ASSOCIATED PRESS/Jeff Chiu]

CHICAGO (AP) — The Chicago Cubs and right-hander Colin Rea have finalized a $5 million, one-year contract. The 34-year-old Rea has a $4.25 million salary for 2025. There is a $6 million club option for 2026 with a $750,000 buyout. Right-hander Michael Arias was designated for assignment to make room for Rea on Chicago’s 40-man roster. The move reunites Rea with Cubs manager Craig Counsell. Rea also pitched for the Cubs during the 2020 season, going 1-1 with a 5.79 ERA in nine appearances, including two starts.