The Cubs extended Imanaga a one-year, $22.05 million qualifying offer on Thursday, Jeff Passan of ESPN.com reports.

Chicago opted to decline Imanaga's three-year, $57.75 million option earlier this week, but they'll extend the 32-year-old southpaw a qualifying offer. Imanaga could forego the qualifying offer and hit the open market, which would net the Cubs draft compensation if he signs elsewhere. After a stellar rookie campaign in 2024, Imanaga took a step back during the 2025 regular season. His ERA dropped from 2.91 to 3.73, his K/9 moved from 9.0 to 7.3 and his HR/9 went from 1.4 to 1.9.

The Diamondbacks extended a one-year, $22.05 million qualifying offer to Gallen on Thursday, Jeff Passan of ESPN.com reports.

Gallen is coming off the worst season of his MLB career, with his 4.83 ERA, 15 losses, 8.2 K/9 and 1.5 HR/9 all being career worsts. Though it's unclear just how large the market will be for Gallen after a down year, he could decline the qualifying offer in hopes of securing a long-term deal ahead of his age-30 campaign. If he does so and then signs elsewhere, Arizona would receive draft compensation.

The Phillies extended a one-year, $22.05 million qualifying offer to Suarez on Thursday, Jeff Passan of ESPN.com reports.

Suarez is coming off an excellent 2025 season in which he posted a 3.20 ERA and a 151:38 K:BB over 157.1 regular-season innings, which he capped off with just one run allowed in five postseason frames. Suarez will turn 30 next August, and he'll likely decline the qualifying offer in pursuit of a multi-year deal. If he leaves Philadelphia, the Phillies will receive draft compensation.

The Padres extended Cease a one-year, $22.05 million qualifying offer Thursday, Jeff Passan of ESPN.com reports.

If Cease signs elsewhere in free agency, the Padres will receive a bonus draft pick as compensation. The 29-year-old has been extremely reliable from a health standpoint, making at least 32 starts in each of the last five seasons. His performance, on the other hand, has been more inconsistent, as he's looked like a top-end starter at times but finished the 2025 regular season with a 4.55 ERA and 1.33 WHIP over 168 innings.

The Astros extended a one-year, $22.05 million qualifying offer to Valdez on Thursday, Jeff Passan of ESPN.com reports.

Valdez is expected to decline the offer and pursue a significantly larger deal as a free agent this offseason. Thursday's move ensures the Astros will receive a compensatory draft pick if Valdez does not return to Houston. He logged a 3.66 ERA and a 187:68 K:BB across 192 innings in 2025, and the soon-to-be 32-year-old has now thrown at least 175 innings in four consecutive campaigns.

The Brewers extended a one-year, $22.05 million qualifying offer to Woodruff (lat) on Thursday, Jeff Passan of ESPN.com reports.

Woodruff declined his $20 million mutual option earlier this week, and it's possible the veteran right-hander could do the same to Thursday's qualifying offer in search of a multi-year deal. Woodruff suffered a lat injury in late September, but he's expected to be a full-go for spring training. He logged a 3.20 ERA and an 83:14 K:BB across 64.2 innings spanning 12 starts in 2025.

The Padres extended a one-year, $22.05 million qualifying offer to King on Thursday, Jesse Rogers of ESPN.com reports.

King will presumably decline the offer and instead pursue a multi-year deal in free agency, and if he signs somewhere other than San Diego, the Padres will receive a compensatory draft pick. The 30-year-old righty is likely to have plenty of suitors this offseason after turning in a 3.44 ERA and 1.20 WHIP over 73.1 innings in 2025.

The Cubs re-signed Rea to a one-year, $5.5 million contract with a $7.5 million club option for 2027 on Thursday, Jordan Bastian of MLB.com reports.

The buyout on the 2027 option is $1 million, so Rea will be guaranteed at least $6.5 million. The Cubs had held a $6 million option on Rea for 2026, but instead he will get slightly more guaranteed money, while the Cubs will pick up an additional year of control. Rea put up a 3.95 ERA, 1.25 WHIP and 127:44 K:BB over 159.1 regular-season innings for the Cubs in 2025. He'll likely open 2026 at the back end of the rotation, though he could shift to a swingman role if the team makes multiple other additions.

Maeda announced Wednesday that he will return to Japan to continue his career.

Maeda allowed seven earned runs over eight innings in the big leagues in 2025 and posted a 5.40 ERA and 1.32 WHIP across 100 frames between the Cubs' and Yankees' Triple-A affiliates. Now, after pitching for the Dodgers, Twins and Tigers during his nine MLB seasons, the 37-year-old will return to his home country, where he could end up playing out the remainder of his professional career.

Santos (back) posted an 8.49 ERA, 1.97 WHIP and 15:5 K:BB In 11.2 innings over four appearances between Double-A Frisco and Triple-A Round Rock upon being activated from Frisco's 7-day injured list Aug. 29.

Santos had been on the shelf for more than four months due to a stress reaction in his back, which he sustained following his second start of the season with Frisco. Due to the extended time Santos missed, the Rangers sent him to the Arizona Fall League, where he submitted a 5.28 ERA, 1.81 WHIP and 15:9 K:BB in 14.1 innings. The 23-year-old righty will be heading into his second straight season as a member of the Rangers' 40-man roster, but he's unlikely to seriously contend for an Opening Day spot with the big club and will likely be ticketed for the Round Rock rotation to begin the 2026 campaign.