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Caleb Thielbar’s Cubs Deal Guaranteed at $4.5M

Per Patrick Mooney, Thielbar’s one-year deal with the Cubs is guaranteed at $4.5 million. The lefty reliever earns a $4 million base salary for 2026, plus a $500,000 buyout on a 2027 mutual option and performance bonuses. The contract adds a veteran bullpen arm as the Cubs continue reinforcing left-handed relief depth after offseason turnover and early pitching market movement.