First baseman Anthony Rizzo has agreed to a seven-year, $41 million dollar deal with the Chicago Cubs. The new deal comes with two club options at the back end that would make the contract worth as much as $73 million over nine years.
Rizzo is considered to be one of the most important parts to the Cub’s rebuilding efforts, with a strong future ahead of him. Rizzo is hitting .280 with a .352 on-base percentage, and has nine home runs and 28 RBIs in his third major league season.
Rizzo gets a $2 million signing bonus, of which $250,000 is payable within 30 days of the contract’s approval by Major League Baseball and $1.75 million is payable next Jan. 15. He will also receive a $750,000 salary this year, a sharp increase from the $498,000 he was due to receive under the agreement in March, He then will earn $1.25 million next year, $5 million apiece in 2015 and 2016, $7 million each in 2017 and 2018 and $11 million in 2019.
Chicago has a $14.5 million option for 2020 with a $2 million buyout. If that is exercised, the Cubs will have a $14.5 million for 2021 with a $2 million buyout.