Cubs Acquire Tyler Ferguson
The Cubs have acquired right-hander Tyler Ferguson from the Athletics, according to announcements from both clubs. The A’s, who designated him for assignment yesterday, receive cash considerations in return. Chicago opened a 40-man roster spot earlier today when righty Corbin Martin was designated for assignment.
Ferguson, 32, was added to the Athletics’ 40-man roster two years ago. That’s two years to the day, in fact, as he was first selected on May 7th of 2024. He has spent that time as an up-and-down arm for the A’s, getting shuttled to Triple-A Las Vegas and back with regularity.
He has a five-pitch arsenal, with his four-seamer and sinker having averaged around 95 miles per hour. His most-used secondary pitch is a sweeper, which he throws almost 30% of the time. He also throws a cutter about 11% of the time and a changeup makes up less than 4% of his offerings.
In the big leagues, he has logged 110 2/3 innings for the A’s, allowing 4.47 earned runs per nine. His 12.6% walk rate is a few ticks higher than average but he has also punched out opponents at a decent 25.4% rate. That earned him some leverage work with the A’s, as he has four career saves and 22 holds.
His work in the minors has generally been good, as he had a 2.82 ERA over the 2024 and 2025 seasons, despite pitching in the hitter-friendly Pacific Coast League. His 8.2% walk rate at that level was more reasonable than his big league clip and he struck out 31.8% of batters faced. He was out to a rough start this year, however, with a 6.17 ERA in his first ten Triple-A appearances. Presumably, that played a role in nudging him off the roster.
The Cubs will take a shot on him, presumably overlooking this year’s numbers as small sample noise. Ferguson is in his final option year and has been sent to Iowa for now. Chicago has been working around a large number of pitching injuries, with relievers Hunter Harvey, Porter Hodge, Riley Martin, Ethan Roberts and Caleb Thielbar having all hit the IL in the past month. Despite those injury challenges, the Cubs are 26-12 and tied for the best record in baseball.
Photo courtesy of Dennis Lee, Imagn Images
Matthew Boyd To Miss About Six Weeks Following Meniscus Surgery
May 7: Boyd has now undergone his surgery, and Counsell told the team’s beat that it proved to be a relatively minor meniscus repair (via Marquee’s Taylor McGregor). They’re hopeful the left-hander can return in around six weeks.
May 6: Cubs left-hander Matthew Boyd is going to undergo surgery to address an injury to the meniscus in his left knee. His current timetable is unknown. Manager Craig Counsell provided the update to reporters, including Jesse Rogers of ESPN. After Counsell spoke, the Cubs officially placed him on the 15-day injured list. Right-hander Trent Thornton was selected to take Boyd’s spot on the roster. Left-hander Charlie Barnes was designated for assignment to open a 40-man spot for Thornton. Jordan Bastian of MLB.com reported that Thornton would be coming up prior to the official announcement.
The Boyd injury comes out of nowhere. He started for the Cubs on Sunday and tossed six innings of two-run ball against the Diamondbacks. Apparently, Boyd first noticed the injury while getting up and down to play with his kids, per Patrick Mooney of The Athletic. That led to an MRI, which showed an issue with his meniscus. His timeline won’t be known until after the procedure takes place, per Mooney, but it will be longer than a minimum stint on the IL.
For however long Boyd is ultimately out, it will be a blow to the Cubs. They have already lost Cade Horton to Tommy John surgery, so he’s done for the year. Justin Steele is trying to come back from his own elbow surgery but a flexor strain recently pushed his timeline and he’s probably out beyond the All-Star break now.
The Cubs started the year with Horton, Boyd, Edward Cabrera, Jameson Taillon and Shota Imanaga in five spots. Boyd missed time earlier due to a bicep strain. Due to that ailment and Horton’s surgery, Colin Rea moved from the bullpen to the rotation and Javier Assad was called up from the minors. When Boyd returned from the bicep issue, Assad was bumped to the bullpen.
Boyd’s spot in the rotation is due up on Friday. Perhaps Assad will get another rotation gig but he’s not currently stretched out. His last start was April 19th, when he went 5 2/3. He then pitched one inning on April 23rd and 2 1/3 on April 25th, followed by a big gap. He tossed an inning and a third last night, his first game action in ten days.
Doug Nikhazy is on optional assignment and could be another option but he lasted only 2 2/3 innings in each of his two most recent Triple-A starts. Guys like Ty Blach, Connor Noland, Paul Campbell and Will Sanders have been starting in Triple-A but aren’t on the 40-man and no one in that trio has an ERA below 6.00.
For now, Thornton gives them an extra arm in the bullpen. The Cubs signed him to a minor league deal in the offseason. He has made four Triple-A appearances, logging 5 2/3 innings with a 3.18 earned run average, 20% strikeout rate and 12% walk rate.
He is coming off a pretty decent three-year run in the big leagues. From 2023 to 2025, mostly with the Mariners, he tossed 146 innings with a 3.58 ERA, 22.5% strikeout rate, 6.5% walk rate and 40.1% ground ball rate. Unfortunately, he tore his left Achilles last summer, ended his season prematurely. That led Seattle to non-tender him, which allowed the Cubs to scoop him up on a minor league pact.
Ideally, he’ll get back on track and be a useful piece of the Chicago bullpen. If it doesn’t work out, Thornton has at least five years of big league service time, meaning he can’t be optioned to the minors without his consent.
Barnes, 30, signed a minor league deal with the Cubs in the offseason and was added to the roster about two weeks into the season. He made one big league appearance, tossing three innings of relief on April 13th, allowing three earned runs. In Triple-A this year, he has tossed 21 2/3 innings with a 3.74 ERA, 25.8% strikeout rate and 12.4% walk rate.
He’ll now head into DFA limbo, which can last as long as a week. The waiver process takes 48 hours, so the Cubs could take five days to field trade interest, though they could also put him on waivers sooner than that. He spent 2022 to 2025 pitching in South Korea, posting a 3.58 ERA for the Lotte Giants. Since he still has options, perhaps that will entice some clubs in need of pitching depth, but the Cubs are one such club and they’re bumping him off the roster.
Photo courtesy of Matt Marton, Imagn Images
Cubs Designate Corbin Martin For Assignment
The Cubs announced Thursday that righty Corbin Martin has been designated for assignment. His roster spot will go to fellow right-handed reliever Gavin Hollowell, who has been recalled from Triple-A Iowa.
Martin signed a minor league deal with Chicago back in January. His contract was selected to the major league roster in mid-April, and he’s appeared in seven games with sub-par results. The 2017 second-rounder (Astros) started out nicely, with four shutout innings, but he’s allowed runs in three consecutive appearances and only completed one inning in that time. Over those three outings, Martin has faced 11 batters and yielded four hits (two of them homers) and four walks en route to six earned runs.
Now 30 years old, Martin was a highly regarded prospect, going from Houston to Arizona as part of the 2019 Zack Greinke blockbuster. Injuries have consistently hampered him, however. He’s pitched in parts of five major league seasons between Houston, Arizona, Baltimore and now Chicago, totaling 80 2/3 innings with a 6.81 earned run average. Since being drafted, he’s undergone Tommy John surgery and surgery to repair a ruptured tendon in his lat. The first procedure wiped out his entire 2020 season and a good portion of the 2021 campaign. The second cost him all of the 2023 season.
The Cubs will have five days to trade Martin, place him on outright waivers or release him. Outright waivers are a 48-hour process, meaning his DFA will be resolved within the next week.
Cubs Re-Sign Vince Velasquez To Minor League Deal, Outright Yacksel Ríos
The Cubs re-signed righty Vince Velasquez to a minor league contract, per the MiLB.com transaction log. The tracker also indicates that reliever Yacksel Ríos cleared outright waivers after being designated for assignment on Sunday.
Velasquez elected free agency last week following his own DFA. The 33-year-old had signed an offseason minor league deal with Chicago. He started three of four appearances with Iowa, allowing eight runs (seven earned) through 17 innings. He struck out 19 opponents while issuing nine walks and hitting a batter.
The Cubs brought Velasquez up for a long relief spot. He pitched 2 1/3 scoreless frames in a blowout loss to the Dodgers. That was his first MLB appearance in three years. Velasquez threw 31 pitches and wasn’t going to be available the next day, so the Cubs designated him for assignment to bring up a fresh arm (Ríos, coincidentally).
Ríos spent a week on Chicago’s active roster. He only got into one game, retiring all five batters faced with a pair of strikeouts against L.A. on April 26. That was also his first MLB outing since 2023. Ríos averaged 98.5 mph with his heater in that lone appearance. He’d posted more middling numbers with Iowa before he got called up, allowing six earned runs with an 8:6 strikeout-to-walk ratio through 10 2/3 frames.
The 32-year-old righty has a previous career outright on his résumé, meaning he can elect free agency. There’s a decent chance he’d follow the Velasquez path and return to the Cubs on a minor league deal even if he opts to test the market.
MLBTR Podcast: Skubal’s Injury, The Marlins’ Catchers, Eldridge Called Up, And Volpe Sent Down
The latest episode of the MLB Trade Rumors Podcast is now live on Spotify, Apple Podcasts, and wherever you get your podcasts! Make sure you subscribe as well! You can also use the player at this link to listen, if you don’t use Spotify or Apple for podcasts.
This week, host Darragh McDonald is joined by Anthony Franco of MLB Trade Rumors to discuss…
- Tigers ace Tarik Skubal requiring elbow surgery (1:25)
- The Marlins calling up Joe Mack, optioning Agustín Ramírez and designating Chris Paddack for assignment (8:35)
- The Giants calling up Bryce Eldridge (21:50)
- The Yankees optioning Anthony Volpe (33:15)
- The Red Sox dealing with injuries to Garrett Crochet and others (41:55)
Plus, we answer your questions, including…
- What kind of package could the Rockies get if they traded Chase Dollander? (46:20)
- What can the Brewers do to address the left side of the infield? (56:50)
- Instead of using guys like Scott Kingery or Nicky Lopez on the bench, shouldn’t the Cubs call up a better player from the minors? (59:35)
Check out our past episodes!
- The Alex Cora Situation, Lucas Giolito Signs, And The Phillies Fire Rob Thomson – listen here
- Kevin McGonigle, The Padres’ Franchise Valuation, And Edwin Díaz To Miss Time – listen here
- Lenyn Sosa Traded, And Injury Concerns For The Astros, Cubs And Orioles – listen here
The podcast intro and outro song “So Long” is provided courtesy of the band Showoff. Check out their Facebook page here!
Photo courtesy of Evan Petzold, Imagn Images
Cubs Outright Ben Cowles
The Cubs have sent infielder Ben Cowles outright to Triple-A Iowa, according to his transactions tracker at MLB.com. That indicates he cleared waivers after being designated for assignment last week.
Cowles, 26, has been on waivers a lot in the past eight months. The Cubs added him to their 40-man roster in November of 2024, to keep him out of the Rule 5 draft. He was designated for assignment in September of 2025, getting claimed by the White Sox. This offseason, he went back to the Cubs, then to the Blue Jays and back to the Cubs again via a series of claims.
Those transactions speak to the fact that he has been an attractive player but with some downward trends. He generally hit well on his way up the minor league ladder. In 2024, the Cubs acquired him from the Yankees as part of the Mark Leiter Jr. trade. Between the two clubs, he slashed .286/.372/.457 at Double-A that year for a 141 wRC+. He also stole 14 bases while bouncing between shortstop, second base and third base.
That was a nice mix of qualities but his results haven’t been as strong lately. He got promoted to Triple-A to start 2025 and hasn’t done anything at that level yet. He now has 611 total plate appearances at Triple-A dating back to the start of last year with a .234/.303/.370 line and 72 wRC+. That performance has pushed him to a fringe roster position but he kept getting claimed, until this week.
This is his first career outright and he has less than three years of service time, still not having made his major league debut. He therefore does not have the right to elect free agency. He’ll stick with the Cubs as non-roster depth and will try to play his way back onto the roster.
Photo courtesy of Mark J. Rebilas, Imagn Images
Cubs Claim Luis Peralta From Cardinals
The Cubs have claimed left-hander Luis Peralta off the Cardinals’ waiver wire, according to Taylor McGregor of the Marquee Sports Network. St. Louis designated Peralta for assignment on Friday. Peralta has been optioned to Triple-A Iowa, and a 40-man roster move wasn’t required since the Cubs only had 39 players on their 40-man.
It’s the second time in less than a week that Peralta has changed teams via the waiver wire. He was designated for assignment by the Rockies on April 21 and was claimed by the Cardinals on Monday, only for the Cards to return Peralta to DFA limbo when a 40-man roster spot was needed to select Jared Shuster‘s contract from Triple-A.
Peralta’s tenure in St. Louis ends without even a minor league appearance, so his 2026 numbers remain just the ugly 17.18 ERA he posted over six appearances and 7 1/3 innings for the Rockies’ Triple-A affiliate. Peralta has a 10.26 ERA over 43 career Triple-A innings, with the caveat that he has worked only in the hitter-friendly Pacific Coast League.
The southpaw’s time in the majors hasn’t been much better. Peralta had an impressive 0.73 ERA across 12 1/3 innings after he made his MLB debut with Colorado in 2024, but he came back to earth with a 9.47 ERA in 19 frames of work in 2025. Peralta allowed six homers in that 19-inning sample, with more walks (18) than strikeouts (16).
Control has been a persistent issue for Peralta throughout his career, and the problem worsened to the tune of 13 walks allowed over his 7 1/3 innings in Albuquerque this year. Despite his strong strikeout numbers, it will be hard for Peralta to stick even as minor league bullpen depth if he can’t get the ball over the plate.
Chicago becomes the latest team to see if it can solve Peralta’s control woes, and any kind of extra arms are helpful given how the Cubs have six relievers currently on the injured list. Left-handers Caleb Thielbar and Riley Martin are among that sextet, so Peralta can add some depth behind the bullpen’s current southpaw pairing of Hoby Milner and Ryan Rolison.
Cubs Reinstate Daniel Palencia, Designate Yacksel Rios For Assignment
Cubs right-hander Daniel Palencia has been activated from the 15-day IL, the team announced. The closer missed three weeks with a lat strain. Fellow righty Yacksel Rios was designated for assignment in a corresponding move.
Palencia initially went down with what was labeled a left oblique strain. Additional testing showed a mild lat strain. He’ll return to the big-league club after just one rehab appearance. Palencia tossed 19 pitches for Triple-A Iowa on Friday.
Before the injury, Palencia had fired five scoreless innings as the unquestioned closer for Chicago. The strong relief work had only resulted in one save, though. Since Palencia went down, the Cubs generated six saves, which went to five different relievers. Caleb Thielbar, Ben Brown, Jacob Webb, Corbin Martin, and Hoby Milner all stepped in to close out games.
Brown and Webb recorded two-inning saves in the first two games of this weekend’s series against the Diamondbacks, part of a patchwork approach with Chicago dealing with several reliever injuries. Even with Palencia back, the Cubs still have Hunter Harvey, Riley Martin, Ethan Roberts, and Thielbar on the IL. Porter Hodge was lost for the season.
The extensive bullpen injuries helped Rios return to the big leagues for the first time since 2023. He got the call along with Charlie Barnes after Martin went to the IL and Vince Velasquez was designated for assignment. The 32-year-old recorded five outs in a blowout loss to the Dodgers in his lone appearance. Rios hadn’t pitched in a week.
The Cubs have five days to trade Rios or put him on waivers. If he makes it through the process without another team grabbing him, he could be outrighted to Triple-A Iowa. Rios was outrighted by the A’s after his last big-league stint, so he could forego the minor league assignment and head to free agency. He averaged a career-best 98.2 mph on his fastball during his one game with the Cubs, which might be enough to attract another team.
Rios has pitched in parts of seven MLB seasons with six different organizations. The righty was a semi-regular member of the Phillies bullpen after debuting in 2017. After getting DFAed by Philadelphia in 2019, he bounced to the Pirates, Mariners, Red Sox, and A’s in subsequent seasons. Rios has never averaged even 97 mph with his heater, so the jump in velocity is interesting, especially given his age. It’s a tiny sample, though.
Photo courtesy of David Richard, Imagn Images
Vince Velasquez Elects Free Agency
Righty Vince Velasquez elected free agency after being outrighted by the Cubs on Tuesday, according to the MiLB.com transaction tracker. Infielder Scott Kingery was also outrighted and had the right to test the market, but he evidently accepted the assignment. He’s in the lineup tonight with Triple-A Iowa.
Velasquez signed an offseason minor league deal with Chicago. He started three of four appearances with Iowa, allowing eight runs (seven earned) through 17 innings. He struck out 19 opponents while issuing nine walks and hitting a batter.
The Cubs brought Velasquez up for a long relief spot last week. He pitched 2 1/3 scoreless frames in a blowout loss to the Dodgers. That was his first MLB appearance in three years. Velasquez threw 31 pitches and wasn’t going to be available the next day, so the Cubs designated him for assignment. He went unclaimed on waivers.
There’s a decent chance Velasquez returns to the Cubs on a new minor league deal. That’s the most common outcome in these situations, but the 33-year-old could explore opportunities elsewhere if he sees a better path back to the highest level with a different organization.
Cubs Outright Scott Kingery, Vince Velasquez
The Cubs have sent infielder/outfielder Scott Kingery and right-hander Vince Velasquez outright to Triple-A Iowa, according to each player’s transactions tracker at MLB.com. That indicates they cleared waivers after being designated for assignment last week. Both players have the right to elect free agency but the log doesn’t indicate whether they will or not.
Kingery, who turns 32 tomorrow, signed a minor league deal with the Cubs in the offseason and cracked the Opening Day roster. He gave them some versatile depth off the bench but manager Craig Counsell didn’t use him much. Kingery was on the roster for a month and put into eight games, mostly as a pinch runner, only getting four plate appearances. It seems Counsell and the Cubs preferred Nicky Lopez in that bench role, as they traded for Lopez last week and added him to the roster, with Kingery bumped off as the corresponding move.
In his big league career, Kingery has been a light-hitting utility guy. In 1,160 plate appearances, he has produced a .227/.278/.381 batting line. He has lined up at every position on the diamond except for first base and catcher.
Players have the right to reject outright assignments in favor of free agency if they have either a previous career outright or at least three years of service time. Kingery qualifies on both accounts. He would surely be limited to minor league offers as a free agent, since every club just declined to claim him off waivers. He could stick with the Cubs as non-roster depth who could be called up in the event of a future injury, though he could also look for a comparable role elsewhere.
Velasquez was called up for one relief appearance last week. He tossed 2 1/3 scoreless frames in his first MLB action since 2023. The Cubs designated him for assignment a day later to swap in another fresh arm. Velasquez, who signed an offseason minor league contract, has a 3.71 ERA across four appearances (three starts) with Iowa.
Photo courtesy of Mark J. Rebilas, Imagn Images