Chicago Cubs right-hander Ryan Dempster has elected to exercise his $14 million US player option and return to the team in 2012. Dempster informed the team of his decision Saturday.

The 34-year-old Gibsons, B.C., native was 10-14 last season with a 4.80 earned-run average in 34 starts and reached 200 innings pitched for a fourth straight year.

Dempster is 112-116 in his career, including 62-61 with the Cubs. He also has 87 saves after being the team’s closer from 2005-2007. He has also pitched for the Reds and the Marlins in his major league career.

Next up for new president of baseball operations Theo Epstein is to determine the future of manager Mike Quade and right-hander Carlos Zambrano, who was suspended for 30 days last season. Both have one year left on their contracts.