The Cubs have picked up the option on left-hander Cole Hamels' contract for the 2019 season and traded left-handed reliever Drew Smyly to the Rangers.
Veteran point guard Kirk Hinrich plans to exercise his player option and return to the Chicago Bulls next season, according to a league source.
The Heat have declined their $1.3 million option to keep Michael Beasley for next season, and the No. 2 pick in the 2008 draft will officially become a free agent on Wednesday.
The Cleveland Cavaliers have picked up the option in center Timofey Mozgov's contract for next season.
Seattle Seahawks outside linebacker Bruce Irvin says he will be playing for the Atlanta Falcons in 2016.
The Dallas Cowboys did not pick up a fifth-year option on cornerback Morris Claiborne's contract.
