Cubs re-signed LHP Caleb Thielbar to a one-year, $4.5 million contract with a mutual option for 2027.

He’ll get $4 million next season and then the $500,000 if his mutual option isn’t exercised (and it won’t be). Thielbar, who debuted with the Twins in 2013 and went four straight seasons from 2016-19 without making a major league appearance, will be making his highest salary ever at age 39. He had a 2.64 ERA and 25 holds last season in his first year with the Cubs.