The Chicago Cubs have picked up the option on left-hander Cole Hamels' contract for the 2019 season, the team announced Friday.
The Cubs also traded left-hander Drew Smyly and a player to be named to the Texas Rangers for a player to be named.
Hamels will make $20 million next season on the team option. The Cubs had until 4 p.m. ET Friday to make a decision on retaining him. Had the Cubs declined Hamels' option, the Rangers would have had to pay him a $6 million buyout as part of the July trade that sent him to Chicago.
The 34-year-old Hamels went 9-12 with a 3.78 ERA in 32 starts in 2018. Hamels and his agent, John Boggs, have said they would be open to exploring a longer-term deal.
Smyly did not pitch for the Cubs last season as he continued his recovery from Tommy John surgery in June 2017. Smyly, 29, has a career ERA of 3.74, with a 31-27 record in five seasons with the Detroit Tigers and Tampa Bay Rays.
Trading Smyly saves the Cubs $7 million in 2019 as they prepare for free agency.
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