The Cubs are grappling with major financial woes heading into the offseason.
The offseason is rapidly approaching for all of Major League Baseball, but the Chicago Cubs have already put the shortened season behind them and are looking toward 2021. After a disappointing 2019 campaign, the Chicago Cubs were once again contenders in 2020. The North Siders clinched the National League Central and made a postseason appearance. However, their life in the postseason was short-lived due to the fact the Miami Marlins swept the Cubs in the Wild Card Round.
This ending to the 2020 abbreviated season was particularly disappointing, as this was perceived by many as the 2016 World Series championship-winning core’s last chance for a second ring. Now, all that is left to do is move forward and figure out who will stay and who will go before next season. Will Chicago be forced to run it back one more time or will they partake in a full-fledged rebuild?
There is no denying that the Cubs’ payroll will not permit the team to keep the entirety of the team’s core. But given the financial picture painted by the team and the league – the front office needs to jettison some of those high-dollar contracts.
Chicago doled out prorated salaries this season – paying just over $75.6 million, the seventh-highest total in the league. Of course, you can’t forget to take into account no team received any revenue from having fans in attendance this year, either.
It seems likely most teams will be slamming on the brakes when it comes to spending heading into 2021. There are always exceptions, of course, and it’s these teams that will represent the Cubs’ best course forward: unloading two of their biggest contracts in Kris Bryant and Craig Kimbrel.