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Cubs reportedly made new five-year offer to Jeff Samardzija, but he isn’t going to accept it

Jun 18, 2014, 6:24 PM EDT

jeff samardzija getty Getty Images

Gordon Wittenmyer of the Chicago Sun-Times reported earlier this week that the Cubs were making a late push to lock up ace right-hander Jeff Samardzija. But it doesn’t sound like anything is going to get done between the two parties.

CBS Sports’ Jon Heyman confirmed Wednesday that Samardzija and his agent were presented recently with a fresh extension offer but opines that “the chances of Samardzija signing the new proposal amount to something akin to the outmanned, out-of-it Cubs winning the World Series this year.”

Here’s more from Heyman’s latest column …

The Cubs are said by sources familiar with the talks to have upped their previous bid of about $60 million for five years to a bigger number, also for five years, confirming the original Chicago Sun-Times report. The new offer isn’t known but it’s quite possibly something more in the range of $75-80 million but most definitely not in the vicinity of the $105 million guarantee Homer Bailey has with the Reds.

Samardzija, who’s currently under contract through 2015, is likely to be dealt before this year’s July 31 trade deadline. The 29-year-old owns a 2.78 ERA, 1.21 WHIP, and 90/29 K/BB ratio in 97 innings this season.

The Giants and Royals were among the teams scouting Samardzija on Tuesday night in Miami.

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UPDATE, 6:43 p.m. ET: More confirmation here from FOX Sports’ Jon Morosi

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