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.

With the trade deadline looming, the Chicago Cubs have extended president of baseball operations Jed Hoyer amid one of the team's best seasons.

The announcement of Hoyer's contract extension provides extra stability in the final days before Major League Baseball's trading deadline. If any rival general managers believed he might need to be more aggressive in order to keep his job -- and demand more in deals as a result -- then that bargaining angle has been quashed.