Jed Hoyer is living a nightmare scenario entirely of his own making

If you were a Cubs fan, you could see it coming last night from miles away.

The Chicago Cubs didn’t just lose 3–2 to the Colorado Rockies on Wednesday night. They have completely lost whatever remained of the optimism after a 27-12 start. A walk-off defeat to a rebuilding Rockies team dropped the Cubs to .500, and with it came the unmistakable sense that this season is slipping into something far darker.

Their offense continues to struggle, barely holding on to a 1-0 lead through 8 innings before blowing their fragile lead. They managed to tie it in the 9th with a solo shot by Ian Happ, but that was all the offense they could muster up. When the Rockies walked off in the bottom of the 9th, as closer Daniel Palencia could not record a single out, it shouldn’t come as a surprise.

The Cubs are 7-22 since May 8th after they won their second 10-game winning streak. This is no longer a slump. This is a franchise unraveling in real time.

After reaching a high mark of 27-12 on May 8, the Cubs wake up a .500 team — having gone 7-22 since then. On that day they were 1st in OBP, 4th in home runs, and 7th in starter’s ERA. SINCE then: 26th in OBP, 24th in home runs and 29th in ERA. A shocking reversal to their season

— Jesse Rogers (@JesseRogersESPN) June 11, 2026

The main reasons for their struggles are simple: Jed Hoyer’s offseason additions have turned into a mitigating disaster.

• Phil Maton has been unreliable and unusable.
• Hunter Harvey suffered an injury and is on a 60-day IL.
• Alex Bregman, the supposed centerpiece, looks like a player whose bat suddenly aged five years.

Even the old investments are crumbling. The players Hoyer signed to big contracts are now dragging the offense.

• Dansby Swanson looks lost at the plate and is veering towards Jason Heyward territory.
• Seiya Suzuki is a shell of the hitter the Cubs believed they were getting.

When your past investments and your new investments fail simultaneously, that’s not bad luck. That’s bad roster construction.

As for the Cubs’ pitching situation, it’s a full-blown crisis mode right now.

• Cade Horton is out until at least 2028.
• Justin Steele’s return remains up in the air.
• Matthew Boyd suffers a setback in his return.

And what about pitchers who are healthy?

• Jamison Taillon is giving up home runs at an alarming rate and is now on the IL.
• Shota Imanaga, once the season’s brightest revelation, is suddenly getting tagged hard and often.
• Daniel Palencia has struggled as a closer and has been hit hard every time he takes the mound.

This is the direct result of their flawed philosophy when it comes to developing pitching. And there is no help available in their minor league system either.

Hoyer’s nightmare scenario: He may have to sell — with nothing to sell

As the Cubs continue to stumble, Hoyer faces a nightmare scenario: needing to pivot toward the future while holding a roster full of depreciating pieces. But what exactly is Hoyer supposed to sell?

Most of his assets have cratered in value. No team is going to trade for Bregman and Swanson’s massive contracts. And Ian Happ and Seiya Suzuki both have no-trade clauses. And you can forget about getting anything in value from their pitchers.

Unless something changes — dramatically and soon — they’re on the fast track to becoming the most dangerous thing a big‑market franchise can be:

Irrelevant.

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