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Cubs' Holmes, Harvey, Rea, Thielbar Become Free Agents, Webb Reaches New Deal

The moves send four pitchers to free agency after Chicago declined their 2027 options and chose buyouts on some contracts.

  • On Monday, the Chicago Cubs declined 2027 options for right-handers Clay Holmes, Hunter Harvey, and Colin Rea, as well as left-hander Caleb Thielbar, making all four players free agents.
  • Chicago declined a $7.5 million club option for Rea, opting to pay a $1 million buyout, and turned down a $6 million mutual option for Thielbar with a $500,000 buyout.
  • Harvey had a $6 million one-year contract with an $8 million mutual option the Cubs declined, paying a $1 million buyout; Holmes became a free agent after his $12 million 2027 player option was declined.
  • Meanwhile, right-hander Jacob Webb agreed to a new one-year contract with a $2 million salary for 2027, including a $4 million team option for 2028 with a $500,000 buyout.
  • The 33-year-old Webb, who went 6-5 with a 3.36 ERA and nine saves in 68 relief appearances this year, can earn $500,000 in performance bonuses next year.
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Yakima Herald-RepublicYakima Herald-Republic
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Cubs' Holmes, Harvey, Rea, Thielbar become free agents, Webb reaches new deal

Chicago Cubs right-handers Clay Holmes, Hunter Harvey and Colin Rea became free agents long with left-hander Caleb Thielbar after their 2027 options were declined, while right-hander Jacob Webb agreed to a $2.5 million, one-year contract. Holmes, a 33-year-old acquired from…

Right-wing pitchers Clay Holmes, Hunter Harvey and Colin Rea became free agents on Monday, along with left-handed Caleb Thielbar after declining their options to continue with the Chicago Puppies in 2027. Jacob Webb's law agreed on a one-year contract for $2.5 million.

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MLB Trade Rumors broke the news in United States on Monday, November 2, 2026.
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