Cubs Opt-Out Of New MLB StubHub Deal

(CBS) StubHub renewed its deal with Major League Baseball Monday, but the Cubs were one of three teams not included in the deal.

Instead, the Cubs will reportedly look for other ticket distribution options, hoping to find a way to better maximize revenue on the secondary market.

The New York Yankees and Los Angeles Angels of Anaheim, who have previously criticized the StubHub deal, also opted-out of the renewed contract.

In October, the Cubs decided not to renew about 1,000 season tickets because they suspected those tickets were owned by scalpers. At the end of last season, tickets were often available on StubHub for just a few dollars, limiting any possible walk-up sales at Wrigley Field.