Last season Chatwood was 8-15 with a 4.69 ERA in 33 appearances (25 starts) for the Colorado Rockies last season. The three-year deal is reportedly worth roughly $40 million, according to the MLB Network. He projects as a back-of-the-rotation starter for the Cubs, who lost Jake Arietta and John Lackey to free agency.
Chatwood has had stark home-road splits while calling hitter-friendly Coors Field his home. Factoring in ballpark and season, Chatwood still finished last season with an above-average ERA+ of 107, per Baseball Reference. On the road, he recorded a 3.49 ERA and held foes to a.200 batting average.
More runs were scored at Coors Field than any other park in 2017, per ESPN.
The money might be a little pricey for what they'll get from Chatwood, but with Mike Minor off the market at three years for $28 million and his ability to start, it's not that much of an overpay and the Cubs would have ponied up far more to keep Arrieta.
Chatwood missed all of 2015 because of Tommy John surgery but is tied with Stephen Strasburg of the Nationals for second in the National League in road ERA the last two seasons (2.57).
Chatwood has a career 4.31 ERA and 1.49 WHIP.
Chatwood will join Jon Lester, Kyle Hendricks, and Jose Quintana in the team's rotation. Chicago also is waiting to see if Japanese two-way player Shohei Ohtani picks the Cubs, who are one of the seven finalists.