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After a few days of speculation, Ryan Pressly has agreed to waive his 10-and-5 no-trade protection to okay a deal that will send the veteran reliever from the Astros to the Cubs. Houston will receive right-handed pitching prospect Juan Bello in return, plus the Astros are sending $5.5MM along with Pressly to help the Cubs cover some of the righty’s $14MM salary for the 2025 season. In exchange for agreeing to the deal, Pressly will receive a new no-trade clause, plus an assignment bonus to cover the tax difference in relocating from Texas to Illinois. The trade will become official once the standard medical reviews are complete.
Pressly has been considered a trade candidate for much of the offseason, and probably even as far back as August, when he hit the minimum number of appearances to trigger the vesting option in his contract. Initially a two-year, $30MM extension, Pressly gained a third year and an extra $14MM by making 124 appearances over the 2023 and 2024 seasons, blowing past the vesting threshold of 110 appearances. While the Astros obviously valued the right-hander highly simply by dint of that frequent usage, Houston has been operating with fairly limited payroll space this winter, making a $14MM salary for a reliever entering his age-36 season seem a little pricey for their budget.
We already saw evidence of the Astros’ financial maneuverings in another major trade with the Cubs, when Kyle Tucker was sent to Wrigleyville for a trade package of Isaac Paredes, Hayden Wesneski, and prospect Cam Smith. Like Pressly, Tucker was controlled just through the 2025 season, and he’ll be making $16.5MM in his final year of arbitration eligibility. The Astros have already used some of the savings from the Tucker and Pressly trades in signing Christian Walker to a three-year, $60MM deal, and today’s deal will surely add more fuel to the speculation that a reunion might be possible between Houston and Alex Bregman.
RosterResource estimates the Astros’ 2025 payroll at roughly $217.6MM, with a luxury tax number of $236.3M. This represents a drop from the Astros’ $244MM payroll and $262MM tax number in 2024, though Houston is currently still a bit over the $241MM tax line. Owner Jim Crane indicated that the Astros would be willing to spend at their 2024 levels under the right circumstances, so re-signing Bregman remains at least a possibility, now that more money has been cleared off the books.
USA Today’s Bob Nightengale reported three days ago that a Cubs/Pressly trade was “on the verge” of being finalized, though some late hurdles emerged, such as some apparent late interest from the Tigers and Blue Jays. Pressly ultimately held the final say given his no-trade protection, and it seems as though he chose Chicago over Detroit as his next landing spot.
Today’s news officially ends Pressly’s very successful run in Houston, which began when the Astros acquired the righty from the Twins at the 2018 trade deadline. Pressly posted a 2.81 ERA, 30.9% strikeout rate, and 6.16% walk rate over 333 innings for the Astros, somewhat flying under the radar as one of the more effective relievers in baseball. Beyond his regular-season work, Pressly posted a 2.78 ERA in 45 1/3 postseason innings for Houston, playing a big role in the club’s postseason success.
Initially used as a setup man, Pressly stepped into the closer’s role in 2020 and excelled as the team’s chief ninth-inning option, but the Astros still opted to sign Josh Hader to a five-year, $95MM contract last winter. With Hader on board, Pressly was moved back to setup work last season, but he’ll now be Chicago’s top saves candidate, which Nightengale said was one of the assurances Pressly received in order to get him to approve the trade.
Rookie Porter Hodge pitched well after becoming the Cubs’ closer last year, and while Hodge is probably still viewed as the closer of the future, Pressly brings much more experience and a longer track record of quality. Hodge will certainly still be used in high-leverage situations, and Pressly’s addition bumps everyone in the Cubs bullpen down a spot on the depth chart to strengthen the entire relief corps.
Pressly is the most prominent new face in a Cubs bullpen that has also added Eli Morgan and Caleb Thielbar to the mix this offseason. Relief pitching was a clear need for the Cubs given how injuries greatly hampered their pen down the stretch last season, though the acquisitions still reflect Jed Hoyer’s preference of not over-investing in the relief market. The Cubs did try to make a big splash as the runners-up to signing Tanner Scott, but with Scott off the board, Chicago pivoted away from another long-term options like Carlos Estevez to instead take on Pressly, who is a free agent next winter. Some more moves might be coming, as The Athletic’s Chandler Rome, Patrick Mooney, and Sahadev Sharma report that the Cubs remain interested in adding to their relief corps even after acquiring Pressly.
The bottom-line results were still solid for Pressly in 2024, though there were some red flags in age-35 campaign. Pressly’s strikeout, walk, and whiff rates were only slightly above league average, representing significant dropoff from his numbers in both categories just a season ago. On the plus side, Pressly continued to generate grounders at a strong 48.8% rate, and his ability to keep the ball on the ground has long helped the right-hander counter-act his penchant for allowing hard contact. Pressly also again was the among the league leaders in curveball and fastball spin rates, continuing his career-long run of elite spin.
As for Houston’s bullpen, the Astros figure to be on the lookout for some bullpen help to fill the void left behind from Pressly’s departure. Depending again on how much GM Dana Brown has available to spend, the team could pursue some lower-cost arms, or perhaps make more of a bigger strike if Bregman indeed goes elsewhere and the Astros won’t be adding another major long-term salary. Bryan Abreu, Tayler Scott, Kaleb Ort, and Bryan King project as the top setup or high-leverage options in front of Hader in Houston’s current pen.
Bello (who turns 21 in April) was an international signing for Chicago during the 2022 signing period, and he had a 3.21 ERA, 25.1% strikeout rate, and 7.7% walk rate in 89 2/3 innings for the Cubs’ A-ball affiliate in Myrtle Beach last season. While not ranked amongst the Cubs’ top 30 prospects by either MLB Pipeline or Baseball America, BA’s scouting report cites his four-pitch arsenal and increased ability to find strikeouts with several of his offerings. “He fits the Astros’ organizational philosophy of developing pitchers with three or more secondaries to play off of their fastball,” according to BA’s write-up.
The Athletic’s Chandler Rome was the first to report that Pressly agreed to the trade, and that at least one prospect was heading to Houston from Chicago. ESPN’s Jeff Passan added the detail that the Astros would be covering some salary, with USA Today’s Bob Nightengale reporting the $5.5MM dollar figure. Ari Alexander of KPRC 2. reported Bello’s involvement in the trade package. The New York Post’s Jon Heyman had the additional details about Pressly’s new no-trade protection, as well as the assignment bonus.
Photo courtesy of USA Today Sports Images
