BREAKING: Cubs Extend Qualifying Offers to Kyle Tucker, Shota Imanaga

The Chicago Cubs extended the qualifying offer to outfielder Kyle Tucker and to left-handed pitcher Shota Imanaga, ahead of Thursday's deadline to make such decisions. Along with the earlier news that they extended right-hander Colin Rea and that Justin Turner's mutual option for 2026 was declined, the moves round out the team's set of roster machinations as true free agency begins in earnest.

For Tucker, the offer was a mere formality. The Cubs were never going to let him go without making that offer, and Tucker will not seriously consider accepting it. This is, in a way, the completion of the trade between the Cubs and Astros last offseason. It becomes (barring the unexpected but still possible development of Tucker returning to Chicago) a trade of Cam Smith, Isaac Paredes and Hayden Wesneski for Tucker and a 2026 draft pick, between the second and third rounds.

In 2025, Tucker was less than he or the Cubs hoped he would be—but that was still, on balance, quite good. He batted .266/.377/.464 in 597 plate appearances. He was worth roughly 30 runs more than an average hitter, and was great on the bases. Much of that value was concentrated in the first half of the season, though, and he was disappointingly subpar in right field. The Cubs hoped they were acquiring a player and forging a relationship that would last a decade beyond 2025, but now, they're likely to be happy to take the draft pick and find a replacement for Tucker's offense elsewhere. 

Issuing the offer to Imanaga is the far more interesting decision, for today. A few months ago, it still looked likely the team would pick up their three-year, $57-million option on him at the onset of the offseason, but after his brutal finish to the season, that went out the window. After Imanaga turned down his own player option, Chicago seriously considered not extending him the offer, sources familiar with the team's thinking said. They were deeply concerned by the problems that developed as he lowered his arm slot in 2025. His fastball's carry remained valuable, but the inability to hit the bottom of the zone with it or get his strike-to-ball splitter working for whiffs steadily eroded his effectiveness throughout the campaign. 

How the Cubs' winter goes from here might now hinge on whether Imanaga decides to accept the $22.025 million they're offering. That's a significant raise on his side of the equation, though he would have been guaranteed more if he had exercised his option, as he would also have had one after 2026. For the Cubs' part, the money is essentially a wash for 2026. If they'd exercised their own option, they'd be locked in to two extra years, and they'd also have had to make a supplemental posting fee payment to the Yokahoma Bay Stars, Imanaga's former team in NPB. They can easily justify this payment, then, but if Imanaga turns them down, they'll be especially heavy on impending draft compensation and will have lots of flexibility to spend on a replacement for him.

They'll receive a draft pick for Tucker (and, if he declines the offer and finds a new home, Imanaga), so they might be more open to surrendering one for the right free-agent signing this winter—especially since, coming off a year of dipping back below the competitive-balance tax threshold, they would surrender only their second-highest pick in doing so. That would be their second-rounder, which is likely to be roughly a dozen picks ahead of the pick(s) they'll pick up.

Chicago's projected payroll for 2026 is right around $144 million, but they have to replace a middle-of-the-order bat, supplement their bench, sign at least one starter and replenish their bullpen. If Imanaga accepts the offer, they might not make a splash in the starter market, but they'd then be near $170 million. They're also likely to engage at least one of Nico Hoerner, Pete Crow-Armstrong and Cade Horton about a long-term extension, which would raise their payroll for 2026, too. Now, the groundwork is laid in full, and the team knows what they will and won't have to do—and how much budgetary space they have in which to do it.