Jed Hoyer and the Chicago Cubs agreed to a multiyear contract extension Monday, a team source told the Tribune.

The Chicago Cubs announced Monday that they have agreed to a multi-year contract extension with President of Baseball Operations Jed Hoyer. Hoyer's contract was up after the 2025 season, and his status had been in limbo. Terms of the deal that secured the extension have not been disclosed.

The Chicago Cubs signed president of baseball operations Jed Hoyer to a multi-year contract extension Monday afternoon, just a few days before the 2025 MLB trade deadline.