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.

The Cubs are in agreement with Colin Rea on a one-year, $5MM guarantee. Rea receives a $4.25MM salary for the upcoming season and is guaranteed a $750K buyout on a $6MM club option for 2026. The right-hander is represented by Joe Speed. The Cubs have a full 40-man roster and will need to open a spot in order for this deal to become official.

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.

The Cubs and free agent RHP Colin Rea have agreed to a one-year, $5 million contract, reuniting the right-hander with manager Craig Counsell, a source told ESPN's Jesse Rogers on Friday.