Justin Steele, Adbert Alzolay, 3 other Cubs settle 2024 contracts

Photo by Michael Reaves/Getty ImagesAs I noted earlier this morning, today was the day for MLB teams to settle contracts with arbitration-eligible players. The deadline, 12 noon CT, has passed. If arb-eligible players are not signed as of now, they and the teams will exchange contract figures and likely head to a hearing.

Five of the six arb-eligible Cubs have reported to have agreed to terms. Here are the contract terms, and a brief comment on each.

SETTLED: #Cubs and LHP Justin Steele have settled on a $4M contract, avoiding arbitration.

— MLB Transaction Tracker (@MLBMovesTracker) January 11, 2024 MLB Trade Rumors’ projection for Justin Steele was $4.1 million, so the settlement was just a…