The Cubs re-signed Rea to a one-year, $5.5 million contract with a $7.5 million club option for 2027 on Thursday, Jordan Bastian of MLB.com reports.

The buyout on the 2027 option is $1 million, so Rea will be guaranteed at least $6.5 million. The Cubs had held a $6 million option on Rea for 2026, but instead he will get slightly more guaranteed money, while the Cubs will pick up an additional year of control. Rea put up a 3.95 ERA, 1.25 WHIP and 127:44 K:BB over 159.1 regular-season innings for the Cubs in 2025. He'll likely open 2026 at the back end of the rotation, though he could shift to a swingman role if the team makes multiple other additions.

Maeda announced Wednesday that he will return to Japan to continue his career.

Maeda allowed seven earned runs over eight innings in the big leagues in 2025 and posted a 5.40 ERA and 1.32 WHIP across 100 frames between the Cubs' and Yankees' Triple-A affiliates. Now, after pitching for the Dodgers, Twins and Tigers during his nine MLB seasons, the 37-year-old will return to his home country, where he could end up playing out the remainder of his professional career.

Santos (back) posted an 8.49 ERA, 1.97 WHIP and 15:5 K:BB In 11.2 innings over four appearances between Double-A Frisco and Triple-A Round Rock upon being activated from Frisco's 7-day injured list Aug. 29.

Santos had been on the shelf for more than four months due to a stress reaction in his back, which he sustained following his second start of the season with Frisco. Due to the extended time Santos missed, the Rangers sent him to the Arizona Fall League, where he submitted a 5.28 ERA, 1.81 WHIP and 15:9 K:BB in 14.1 innings. The 23-year-old righty will be heading into his second straight season as a member of the Rangers' 40-man roster, but he's unlikely to seriously contend for an Opening Day spot with the big club and will likely be ticketed for the Round Rock rotation to begin the 2026 campaign.

Atlanta exercised Sale's $18 million option for 2026 on Wednesday, Jon Heyman of the New York Post reports.

The decision was fait accompli, as Sale has re-emerged as one of the best pitchers in baseball since joining Atlanta, collecting a 2.46 ERA, 1.04 WHIP and 390:71 K:BB over 303.1 innings since the beginning of the 2024 campaign. Sale missed more than two months of action this season with a left ribcage fracture, but he finished the year healthy and was superb after returning from the injury with a 2.72 ERA and 51:6 K:BB over his final 36.1 frames. The veteran lefty will turn 37 just after Opening Day next season.

Bieber exercised his $16 million player option for 2026 on Tuesday, Jon Heyman of the New York Post reports.

After falling just one game short of capturing his first World Series title, Bieber will opt into another year with the Blue Jays and receive a $6 million raise in the process. The 30-year-old right-hander missed the first several months of the 2025 season while working his way back from Tommy John surgery but returned in time to make seven regular-season starts and post a 3.57 ERA across 40.1 innings. It remains to be seen how his surgically repaired elbow will hold up over the course of a full season, but the 2020 AL Cy Young Award winner is still deserving of fantasy attention heading into 2026.

The Astros placed Garcia (elbow) on outright waivers Tuesday, Chandler Rome of The Athletic reports.

Garcia has already been ruled out for the entire 2026 campaign -- his final year of team control -- after undergoing surgery to repair the UCL and flexor tendon in his right elbow in October. Having pitched just 34.2 innings over the past three seasons, the injury-prone right-hander is unlikely to be claimed by another club.

Perez (shoulder) declined his $10 million mutual option for 2026 on Tuesday and became a free agent.

Perez will receive a $1.5 million buyout after declining his option. Elbow and shoulder injuries limited the left-hander to just 11 appearances (10 starts) in 2025, and he finished the season with a 3.54 ERA and 1.11 WHIP through 56 innings. Although he performed well when healthy, health concerns and the fact that he's due to turn 35 in April will likely keep his cost down in free agency.

Flaherty will remain with the Tigers after electing not to opt out of his $20 million contract for 2026, Jeff Passan of ESPN.com reports.

Flaherty surely could have received more guaranteed money on the open market, but he has decided to stay put following an up-and-down 2025 campaign. The right-hander posted a 4.64 ERA across 31 regular-season starts for the Tigers, but he also fanned 188 batters over 161 innings. Staying put at Comerica Park and having what should be an above-average offense to support him help Flaherty's case for 2026.

Twins president of baseball operations Derek Falvey said Tuesday that Festa (shoulder) should resume throwing relatively soon, Aaron Gleeman of The Athletic reports.

Festa was diagnosed with thoracic outlet syndrome in September, but it's considered a mild version and he was given Botox injections to alleviate a compressed nerve between his right shoulder and neck. A setback is possible, but for now Festa is expected to be ready for the start of spring training. If healthy, the young righty will compete for a spot in the Twins' rotation next season. Festa held a 5.40 ERA, 1.28 WHIP and 53:19 K:BB over 53.1 innings in 2025 with the big club.

Twins president of baseball operations Derek Falvey said Tuesday that Lopez (forearm) is fully healthy and projected to have a normal offseason, Aaron Gleeman of The Athletic reports.

Lopez's 2025 season ended in late September with a mild right forearm strain, and he also missed two months earlier in the year with a Grade 2 teres major strain. However, there are no current concerns with Lopez's pitching arm entering the offseason, and he will not face restrictions at the beginning of spring training. The 29-year-old pitched well in 2025 when healthy, posting a 2.74 ERA and 73:20 K:BB over 75.2 innings. Lopez is owed $43.5 million over the next two seasons, and with the Twins shedding payroll, he's a trade candidate this winter.