Aug 27, 2012, 9:45 PM EDT
Enrique Rojas of ESPNDeportesLosAngeles.com reported last weekend that the Cubs and Starlin Castro had reached an agreement on a long-term contract extension, but we’re still waiting on an official announcement. That should change soon.
According to Bruce Levine of ESPN Chicago, the deal could be announced as soon as tomorrow. Castro’s agent, Paul Kinzer, was at Wrigley Field today presumably putting the finishing touches on the agreement.
Castro will reportedly be guaranteed $60 million over seven years while the contract includes a $16 million club option for 2020 or a $1 million buyout. The 22-year-old shortstop was projected to qualify for arbitration for the first time this winter as a Super Two player, so the extension will buy out all four of his arbitration seasons and at least his first three years of free agency.
Castro entered tonight’s action with a .296/.333/.421 batting line and a .755 OPS over his first three seasons in the big leagues. He’s still a bit raw and may find himself at another position by the time the contract expires, but Theo Epstein and company are banking on Castro to be one of the cornerstones that gets the Cubs back on the winning track.
UPDATE: Ken Rosenthal of FOXSports.com has the contract details. In addition to a $6 million signing bonus, Castro make $5 million in 2013 and 2014, $6 million in 2015, $7 million in 2016, $9 million in 2017, $10 million in 2018 and $11 million in 2019. If he wins the MVP or finishes in the top five of MVP balloting twice, salaries for 2019 and the 2020 option year will increase by $2 million. He’ll max out at $79 million if the option year is exercised and he meets all escalator benchmarks.
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