CHICAGO | Right-hander Tyler Chatwood and the Chicago Cubs have agreed to a $38 million, three-year contract. Stalwarts Jake Arrieta and John Lackey became free agents, and as talented as the Cubbies are, they don't have the prospect depth to replace those two internally. Factoring in ballpark and season, Chatwood still finished last season with an above-average ERA+ of 107, per Baseball Reference. He had a better season in 2016, going 12-9 with a 3.87 ERA with the Rockies. Across the 2016 and 2017 seasons, Chatwood has a 2.57 ERA on the road, which tied for the second-best mark in the National League for those with a minimum of 10 starts.
The signing of Chatwood does not remove the Cubs from the free agent market.
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Chatwood, who has pitched for the Colorado Rockies over the last six seasons, posted an 8-15 record with a 4.69 ERA in 33 total games for the Rockies last season. He missed all of 2015 after undergoing Tommy John surgery and hasn't yet truly established himself as an innings eater. Mike Montgomery will once again prepare as a starter in spring training and fill a rotation role as needed.
Tyler Chatwood is getting a fresh start in the Windy City. Keep in mind that the money Chatwood is earning also could have been put towards an extension for Hendricks, who is about to go to arbitration for the first time, or even star third baseman and former MVP Kris Bryant.