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CHICAGO — 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. There is a $6 million club option for 2026 with a $750,000 buyout. Right-hander Michael Arias was designated for assignment to make room for Rea on Chicago's 40-man roster. The move reunites Rea with Cubs manager Craig Counsell. Rea also pitched for the Cubs during the 2020 season, going 1-1 with a 5.79 ERA in nine appearances, including two starts.
