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An updated estimate of the Cubs 2020 payroll and luxury tax

As of the beginning of this year’s baseball Winter Meetings, the Cubs have made only minor moves. They purchased Jharel Cotton from the Athletics November 23, claimed CD Pelham on waivers from the Rangers November 27, and signed Dan Winkler as a free agent December 6.

None of these are going to move the needle for the 2020 Cubs much. They were designed for bullpen depth. All of the above pitchers have options remaining and could ride a new version of the Iowa Shuttle if needed.