Cubs hire Maddon

Maddon led the Rays to six straight winning season before they finished 77-85 in 2014. Kim Klement-USA TODAY Sports

The Chicago Cubs announced Friday that they have fired manager Rick Renteria and hired former Tampa Bay Rays manager Joe Maddon, who will be introduced at a press conference Monday at Cubby Bear near Wrigley Field.

Maddon opted out of the final year of his contract with the Rays after spending parts of 11 seasons with the club.

“Last Thursday, we learned that Joe Maddon — who may be as well suited as anyone in the industry to manage the challenges that lie ahead of us — had become a free agent,” Cubs president of baseball Operations Theo Epstein said in a statement. “We saw it as a unique opportunity and faced a clear dilemma: be loyal to Rick or be loyal to the organization. In this business of trying to win a world championship for the first time in 107 years, the organization has priority over any one individual. We decided to pursue Joe.”

Renteria led the Cubs to a 73-89 record in his only season after signing a three-year contract last November.

Maddon, who won the American League Manager of the Year Award in 2008 and 2011, oversaw the best run in the Rays’ history, winning the American League East twice, making the playoffs four times and reaching the World Series in 2008.