Pressly will waive his no-trade clause and is set to be traded by the Astros to the Cubs in exchange for Juan Bello, Jeff Passan of ESPN.com reports.
The Astros will also be sending money to help cover some of Pressly's $14 million salary, per Chandler Rome of The Athletic. The trade is pending Pressly passing his physical, but the expectation is that the 36-year-old right-hander will be the Cubs' closer for the 2025 campaign. Bob Nightengale of USA Today relays that the move also opens the door for the Astros to bring Alex Bregman back. Pressly appeared in 59 regular-season games for Houston in 2024, registering 25 saves with a 3.49 ERA, 1.34 WHIP and 58:18 K:BB across 56.2 innings.