Chicago won 95 games and set a franchise record with a fourth consecutive playoff appearance in 2018. However, the Cubs struggled down the stretch.
Their team batting average dipped 16 points to .249 after the All-Star break. Also after putting up an on-base percentage of .345 in the first half of the season, it fell to .316 in the second half.
The Cubs were held to one run in three of final four games, culminating with a loss to the Milwaukee Brewers in the NL Central Division tiebreaker game, and then a loss to the Colorado Rockies in the NL wild-card game.
Chicago, which was near the top of the NL in home runs in 2017, fell to 11th this season. While the Cubs improved in getting hits to the opposite field, the tradeoff was unacceptable, team president Theo Epstein said.
"We weren't looking to sacrifice power and walks in exchange for ground balls and opposite-field hits," Epstein said. "But in the second half, that's what the results were. That's not what we're looking for."
Davis was a three-time All-Star who played 19 seasons in the big leagues (1981-99), winning three World Series championships with Minnesota (1991) and the New York Yankees (1998, 1999). He hit 350 homers and drove in 1,372 runs in 2,435 career games.
(With inputs from agencies.)