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Cubs sign Anthony Rizzo to seven-year extension

May 12, 2013, 10:15 PM EST

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The Cubs have agreed to a seven-year, $41 million contract extension with first baseman Anthony Rizzo. The deal runs from 2013-19, reports Ken Rosenthal of FOX Sports. Rizzo, 23 years old, has been his club’s most reliable hitter, entering this afternoon’s game against the Nationals with a .288/.361/.554 line, including nine home runs.

Rizzo was a sixth-round pick by the Red Sox in the 2007 draft. He went to the Padres in the trade that sent Adrian Gonzalez to Boston. The Padres sent him to the Cubs to acquire Andrew Cashner.

Rosenthal provides more details on the contract:

The deal also includes two club options and escalators that could extend the deal to 2021 and bring the total value of the package to $73 million, sources said.

Rizzo, who has just over a year of major-league service, is earning $498,000 season. His new deal will include an immediate increase for 2013 while covering all four of his arbitration years – Rizzo was on track for Super Two status – and his first free-agent year.

The deal provides the Cubs cost certainty with an up-and-coming first baseman. Rizzo would not have been arbitration eligible until after the 2015 season and he would not have been eligible for free agency until after the 2018 season, as Charlie Wilmoth of MLB Trade Rumors notes.

  1. chill1184 - May 12, 2013 at 10:25 PM

    Smart move

    • johnstjc - May 12, 2013 at 10:30 PM

      seems like more money than we typically see on one of these deals…still makes sense but could be a sign that these pre arb deals aren’t going to be so great for teams anymore

      • chill1184 - May 12, 2013 at 10:38 PM

        Eventually the team friendly deals will probably hit its peak but as it stands its one of the few ways, middle/small market teams can compete with the big market teams.

      • Jason Lukehart - May 12, 2013 at 11:00 PM

        Believe it or not, chill, Chicago is a pretty big market.

        (I know that wasn’t your point)

  2. Walk - May 12, 2013 at 10:34 PM

    Considering the type of years Wrigley lends itself to, think of the windy days, I think the deal is very fair. A win for both the player and team imo. If the wind blows out a lot Rizzo might have received more in arbitration. Think of it as insurance and payroll stability.

  3. biasedhomer - May 12, 2013 at 10:38 PM

    Padres got robbed.

    • paperlions - May 13, 2013 at 7:23 AM

      Well, they really just gave him away….like putting an old piece of lawn equipment by the curb with a “FREE” sign on it.

    • Joe - May 13, 2013 at 11:17 AM

      As a Red Sox fan, I’d like to have that Gonzalez trade back.

  4. homegrowntalentmn - May 12, 2013 at 11:34 PM

    Wow I think its a great move. Give credit to theo. Its not a lot of money and for 7yrs… I’d say two years down the road he could of gotten a much bigger and better deal.But still a win, win for both parties

    • andymoney69 - May 12, 2013 at 11:49 PM

      Jed Hoyer is the General Manager of the Chicago Cub’s

      • homegrowntalentmn - May 13, 2013 at 2:53 AM

        So theo is just sitting around with his thumb up his a**?

  5. johnstjc - May 12, 2013 at 11:57 PM

    what did goldschmidt get? i thought it was 35 million or so…i think their service time is very similar

  6. johnstjc - May 12, 2013 at 11:59 PM

    i guess if 41 is guaranteed on this contract then they are pretty similar(i think rizzo is better)

  7. riverace19 - May 13, 2013 at 12:54 AM

    Bravo Mr Theo way to lock him up before the price gets too high

  8. larryboodry - May 13, 2013 at 6:12 AM

    Great move…Now it’s time to lock in Samardzija long-term, also.

  9. natsattack - May 13, 2013 at 6:55 AM

    Seem like a Rays contract.

  10. pizzadawg - May 13, 2013 at 8:50 AM

    and he worked on race cars for 18 years!!

  11. sfm073 - May 13, 2013 at 10:17 AM

    Poor guy, he’s now doomed at least for the next 7 years. Hope he enjoys last place.

    • 84cubs - May 13, 2013 at 11:38 AM

      BRAVO!! How long did it take you to think up that BRILLIANT response? And to think McDonalds let you slip away…..Whats the world coming to.

  12. evanwins - May 13, 2013 at 1:45 PM

    This seems very low. I think the Cubs really got away with something here. I am very high on Rizzo granted but I think he’s going to be worth a ton more than this is the span of this 7 years.

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