As had been previously suggested, Cubs lefty Matt Dermody is indeed headed to Korea.
MLBTR reports that Dermody is signing with the NC Dinos of the KBO, and that news has since been confirmed by Tommy Birch.
Dermody, 32, came up for a cup this weekend with the big league team, even after the reports of his possible departure were circulating. It seems pretty likely at this point that the Cubs wanted to give him one big league opportunity, either just as a nice moment, or to get one last look before letting him go. He was optioned back to Iowa after his lone appearance.
Dermody was on a super hot stretch at Triple-A before his departure, having pitched well enough to win International League pitcher of the month honors for July (0.77 ERA and 26 K over 23.1 innings).
In any case, the Cubs will release Dermody, and he’ll then sign with his new team in Korea. In theory, the Cubs will get a release fee, the Dinos will get a good pitcher, and Dermody will get a big chunk of cash. It’s win-win-win.