Found August 18, 2012 on
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According to Enrique Rojas of ESPN the Cubs have signed Starlin Castro to a 7-year extension worth $60 million.
Starlin Castro has agreed to a seven-year, $60 million contract extension with the Chicago Cubs, a source close to the star shortstop told ESPNdeportesLosAngeles.com.
The contract covers four years of arbitration eligibility and three years of free agency, and includes a $16 million option for 2020. Castro, 22, was projected to qualify for salary arbitration as a "Super Two" player at the end of the year.
More to come, but this is in line with what we expected based on comparable players.
UPDATE: There's an 8th year option for $16 million, which could bring the total value of the contract up to $76 million over 8 years. Over the last few days we found that Castro's projected value made him worth about $58 million over 6 years while comparable players was under $10 million per year. The average annual value of this 7-year contract is $8.57 million.
I added this bit in the post the other day:
We shouldn't see a contract extension for Castro equal those two either. It should be closer to Jose Reyes' extension with a couple more years added on and a small increase in inflation. Say something like 6 years and $48 million. That's below the other two contracts and more overall money than Reyes got, but probably somewhat similar in reality. Castro is similar to Reyes in terms of performance and not at all similar to Hanley and Tulo. So why pay him like he's one of those two?
This is a fine contract for the Cubs. They got the 7th year here, which is a bit surprising and they paid a bit more for it, but overall this is a very good contract for the Cubs.
BEST OF MAXIM
Shortstop Starlin Castro could be a long-term Chicago Cub soon.
The Cubs are discussing a contract extension with Castro that will run six or seven years, according to major-league sources.
The deal, sources said, also will include a club option for an additional year.
Talks continue to progress, and a deal could be reached early next week, if not sooner, sources said.
Two months ago, Dale Sveum said this about shortstop Starlin Castro, who forgot how many outs there were on a potential double play ball:
“It’s something that’s obviously unacceptable at any time,” Sveum said Monday.
“Whether we could have turned the double play or not is irrelevant to not knowing how many outs there are in the most important part of the game. These...
The Chicago Cubs made a huge investment in their future by agreeing with Starlin Castro on an seven year contract that guarantees him 60 million dollars. The contract includes an option on 2020 that could be worth 16 million dollars. It includes a guaranteed buyout of one million dollars should the Cubs not want to give him the 16 million. All told, the contract averages...
The Cubs and Starlin Castro reportedly have agreed on a big contract extension that will keep the shortstop in Chicago for a while.
According to Dave Kaplan, the Cubs are working on a long-term contract with Starlin Castro.
With the focus of the Cubs management team of Theo Epstein and Jed Hoyer clearly on a long term plan of overhauling the Cubs organization, nearly every move they have made since taking control of the team has been with a vision towards the future.
With that approach in mind, two industry...
Starlin Castro has certainly been productive, even if he's had a few mental lapses. The Cubs now appear to be on the verge of rewarding that production. Castro and the Cubs have agreed to a seven-year, $60 million extension, which also includes a club option for 2020, according to ESPN.com's Enrique Rojas. The contract reportedly covers four years of arbitration eligibility...
It’s really interesting writing this Stock Watch update each week. I start off with no clue of who I want to write about. After digging through the data and looking at a few different statistics, the story of what I want to write about lays itself out for me. Getting to this point is a test of patience and gets harder as the weeks progress, especially because the available players...
Chicago Cubs shortstop Starlin Castro has agreed to a seven-year, $60 million contract extension, ESPNdeportesLosAngeles.com reported Saturday. The contract covers Castro's four years of arbitration eligibility and three years of free agency. It also includes a $16 million option for 2020. He was projected to qualify for salary arbitration as a "Super Two" player...
It's not exactly an eyebrow-raising development that the Chicago Cubs have talked about a contract extension for shortstop Starlin Castro. But the timing of the story does raise some questions. To wit: Why now? What is Castro worth? What kind of player will he become? And what about all that criticism, veiled and mild as it might be at times, from manager Dale Sveum...
Theo Epstein has led the Cubs’ rebuilding efforts, and he locked up a key player to a long-term deal on Saturday.
Prized shortstop Starlin Castro agreed to a seven-year, $60 million deal, covering four years of arbitration and three years of free agency.
The contract also includes a $16 million option for 2020. This helps shore up the Cubs promising infield for the long-term,...
I realized my Cubs apathy reached a new height when I had no idea who the Cubs are playing today and don't really care to look it up.
- In the news, Kaplan's impeccable, most-excellent sources told him that the Cubs and Starlin Castro are working on an extension that would take him up to free agency and beyond. Rosenthal piggybacks on it with a tweet today saying that it...