The Cubs-Cody Bellinger Rumors Are All Over the Place, But Generally Not Sounding Good

Cody Bellinger touches his hat.

The only gap as large as the variance in Cody Bellinger’s performance over the last five seasons is the one between his projected price tags this winter. Some outlets have him signing for a reasonable $150M-$160M, while others come in as high as $264M. I guess that’s what happens when a young, former MVP hits free agency with this sort of track record…

2019: 161 wRC+ 7.8 WAR
2020: 112 wRC+, 1.4 WAR
2021: 47 wRC+, -1.0 WAR
2022: 83 wRC+, 1.8 WAR
2023: 134 wRC+, 4.1 WAR

…Not to mention a history of injuries (bad!) … alongside impressive walk-season results (good!) … which are plagued with questions about sustainability due to uninspiring advanced metrics (confusing and frustrating!).

To that end, if you’re looking for a dive on Bellinger’s performance last season (and what it might mean for the future), you absolutely have to check out Mike Petriello’s latest at MLB.com, where he answered five key questions:

  1. How do you even slug .500 with a 10th percentile hard-hit rate?
  2. How real is the two-strike approach?
  3. What if he just converted strikeouts into weak contact?
  4. What about the hard fastballs?
  5. What does this all mean for the future?

Frankly, if you haven’t read that article yet, you’re probably not fully armed to have an opinion about what the Cubs should do with him this winter. There’s plenty of nuance baked in, no doubt, but the bottom line is pretty simple: Cody Bellinger is likely to be a very good and useful player moving forward, just probably not as good as he was last year.

And like it or not, that changes the calculus significantly, even for a team like the Cubs, who could very much use Bellinger’s skillset in a number of different ways.

Generally speaking, Bellinger’s left-handed bat, contact, speed, pop, etc. fits every team in baseball, including the Cubs. But specific to Chicago, his ability to play center field would provide cover for Pete Crow-Armstrong to arrive on his own terms, while his ability to play first would satisfy another positional vacancy. And relatedly, if Cody Bellinger did wind up at first base because PCA took over center field, the Cubs defense would be near-elite at four spots — center (PCA), shortstop (Dansby Swanson), second (Nico Hoerner), and first (Cody Bellinger). And that makes a whole lot of sense for a team with a contact-oriented pitching staff.

So of you’re keeping track, I think I just said the Cubs could use Bellinger both generally and acutely and that he’s probably still going to be pretty good next year. Doesn’t that mean they will be all over him in free agency? Nope! Not necessarily. Though you couldn’t possibly suss that out from the available rumors, because they are truly all over the place.

Cody Bellinger looks menacingly.
(Photo by Getty Images)

Recent Cody Bellinger/Cubs Rumors:

I’m listing the following Cody Bellinger to the Cubs rumors in order of most optimistic to least. These are all fairly recent, though I think a pretty clear story is being told by the end of it.

  • Jon Heyman: “I think he has the most defined market at this point, because I’m gonna be shocked if he’s not a Yankee, a Cub, or a Giant….the Cubs I think are a big player for Bellinger, Yankees and Giants.”
  • Jon Morosi: (A Cody Bellinger reunion with the Cubs is) possible, but I do think the Cubs have other priorities.
  • Jeff Passan: “Bellinger, CF/1B: Bellinger will easily crack $100 million this winter but even after his resurgent season, teams are expressing concern with how hard he hits the ball. His hard-hit rate was in the 10th percentile in MLB, his average exit velocity the 22nd. A .307/.356/.525 line and precipitous dip in strikeout rate in 2022 will mean Bellinger has a plethora of options he didn’t have last offseason, but his financial ceiling might suffer because the expected numbers don’t portend well and teams rely heavily on them in their assessments.”
  • Sahadev Sharma: (The Cubs are not going to spend…) what (Scott) Boras wants (on Cody Bellinger). The Cubs aren’t going to wait for this process to drag out. They have to get other things done. There’s two things that are gonna happen. Either this is going to drag out with Bellinger and no one gives him what he wants, the insane deal that Boras is going to ask for. Or someone will, and that’s NOT going to be the Cubs. The Cubs aren’t going to be played. They’re not doing that. The Cubs have to have other priorities, because they can’t sit and wait for Bellinger.
  • Bob Nightengale: “I don’t think Bellinger is coming back there,” Nightengale said. “I think he’s more of a Yankee, I don’t rule out San Francisco. I’ll go Yankees or San Francisco with Bellinger. I just don’t see them bringing him back at $200 million-plus. I think they say, you know what, we got a ton out of him, the most we could, let’s move on from there and help construct their team in different ways by getting pitching, getting offense.”
  • Jesse Rogers: “Multiple sources think the Cubs are more likely to sign Ohtani than bring Bellinger back on his own massive deal …. ‘I think Bellinger is as good as gone,’ one source familiar with the situation said at the beginning of the offseason….Setting Ohtani aside, the organization isn’t the type that gets into bidding wars. And it won’t for Bellinger, according to sources familiar with the situation.”
  • When you combine all that insight with the very limited positional free agent market (and two hungry teams in New York and San Francisco), it’s pretty difficult to imagine the stars aligning for a Bellinger reunion in Chicago.

    I know, I know … BUT WHAT ABOUT JON HEYMAN’S RUMOR?

    Well, he’s really the only one saying that. And the only party that benefits from the Cubs perceived involvement in Bellinger’s market is Cody Bellinger (and Scott Boras). Until literally anyone else echoes Heyman’s report, it just has to be dismissed as attempted leverage against reports like the one above from Passan (as in, I’m sure Heyman really did hear that, I just suspect the source of that rumor may have a very specific reason to want it out there).

    I will be happy if, at the end of the offseason, Cody Bellinger returns to the Chicago Cubs on a deal that makes sense for both sides. I just think the odds of getting there are a lot lower than I think we all anticipated coming into the offseason.

    written by

    Michael Cerami began covering the Chicago Cubs for Bleacher Nation as a part-time contributor in 2015. One year later, he joined Bleacher Nation full-time, covering the Chicago Cubs and Major League Baseball. Today, Michael runs Bleacher Nation, contributing as a writer (Cubs, MLB) and an editor for all sections of the site, including the Chicago Bears, Bulls, and Blackhawks, as well as MLB, NBA, NHL, and NFL. In 2019, Michael was the co-host of NBC Sports Chicago's Cubs Post-Game Show Outside the Ivy. You can find him on Twitter/X @Michael_Cerami

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