The Cubs placed Smyly on outright waivers Monday, Bob Nightengale of USA Today reports.
Smyly will now be available to be claimed off waivers by the 29 other teams in the league after producing a 2.84 ERA and 1.18 WHIP with 43 strikeouts over 50.2 innings in 39 appearances out of the bullpen with Chicago. The left-hander will likely have no shortage of teams interested in him and a postseason contender could use his services to bolster their bullpen down the stretch.