Cubs Chairman Tom Ricketts Discusses Offseason, Payroll, Front Office

The Cubs’ blockbuster trade for Kyle Tucker generated the biggest headlines in Wrigleyville this winter, with the team also adding such notables as Matthew Boyd, Colin Rea, Eli Morgan, Carson Kelly, and Caleb Thielbar to the roster.  President of baseball operations Jed Hoyer stated this week that the Cubs were still looking to add to the bench and bullpen, and recent reports suggest that the latter pursuit could even take the form of a big-ticket signing of Tanner Scott.

One of the over-arching questions about Chicago’s winter plans is exactly how much Hoyer had available to spend, and chairman Tom Ricketts addressed this point in an interview with The Athletic’s Patrick Mooney.  Ricketts said that the team expects to spend around the $241MM luxury tax threshold, which therefore gives the Cubs quite a bit of extra capacity, as RosterResource estimates its current tax number at roughly $198.3MM.

This doesn’t necessarily mean that the Cubs will be splashing around a lot of that cash in the coming weeks, however, as Ricketts said some money could be earmarked for upgrades at the trade deadline.  “We always have the ability to add payroll if we need to at the deadline.  And if there’s a piece we need to keep winning, there’s always that option,” Ricketts said.

The same wait-and-see mentality also impacts the remainder of the winter, as Ricketts noted that teams “don’t control the timing of when these guys sign.  And every offseason is different.  Nothing will happen for three weeks, and then one guy will sign.  And then three other guys want to sign in the next two days.  You just have to be flexible through the process, and keep an eye open at the end with some dry powder, in case there is someone that might be value-added that comes at a good price.”

A more expensive signing like Scott would take up a sizeable, yet not overwhelming, portion of Chicago’s budget space.  Rumors have persisted that the Cubs remain at least on the periphery of the Alex Bregman and Jack Flaherty markets, so despite Hoyer’s comments about the team’s focus on more lower-tier moves, Chicago can’t be entirely ruled out as a landing spot for either player until they sign elsewhere.  Bregman is reportedly not interested in a shorter-term deal with opt-outs while Flaherty is at least open to such an arrangement, so Flaherty could be a better fit as the type of “value-added” opportunity Ricketts describes (though any number of teams might…