Since Craig Counsell was hired as the manager of the Chicago Cubs, there have been constant rumors and speculation surrounding him reuniting with some of his pr

The Chicago Cubs and right-hander Colin Rea have finalized a $5 million, one-year contract. The 34-year-old Rea has a $4.25 million salary for 2025.

In order to make right-hander Colin Rea’s signing official Monday, the Cubs designated pitching prospect Michael Arias for assignment. Rea’s one-year deal is worth $5 million, a source confirmed, and it includes a club option for 2026. The veteran could provide depth for the Cubs both at the back end of the rotation and in the bullpen.