Cubs nearing long-term extension with Starlin Castro

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7:00 p.m. EDT update: FOXSports.com’s Ken Rosenthal believes a Starlin Castro extension could be announced early next week or sooner. It’d be a six- or seven-year contract with a club option that would buy out an extra year of free agency. As is, Castro will be eligible for FA after 2016.

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David Kaplan of CSNChicago.com has the exclusive:

Two industry sources who have represented several MLB players over the past decade confirmed to me tonight that the Cubs are working on a long term deal for star shortstop Starlin Castro.

The deal, which could be six or more years in length, is expected to be finalized before the end of the 2012 season and would not only buy out the remaining arbitration years that Castro has, but at least two years of free agency which he will reach after the 2016 season.

Castro has battled concentration issues, but the 22-year-old Dominican shortstop is the youngest player in franchise history to top 200 hits in a season (he finished with 207 in 2011) and continues to flash improving power potential. It’s hard to see this as anything but a positive for the rebuilding Northsiders.

Castro is batting .276/.307/.422 with 12 home runs and 58 RBI through 116 games played this season. As it stands currently, he will be eligible for arbitration this winter for the first time in his career.

Mariners sign Mark Lowe

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The Mariners have signed reliever Mark Lowe, ESPN’s Jerry Crasnick reports. The Tigers released him on Sunday.

Lowe, 33, is entering the last of a two-year, $11 million deal signed with the Tigers in December 2015. The right-hander struggled to a 7.11 ERA with a 49/21 K/BB ratio in 49 1/3 innings last season. His performance this spring didn’t do much to inspire confidence.

Lowe began his major league career with the Mariners, breaking out in 2009 with a 3.26 ERA across 80 innings. He has been inconsistent throughout most of his 11-year big league career, however.

Cardinals place Trevor Rosenthal on DL with lat strain

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The Cardinals announced on Thursday that pitcher Trevor Rosenthal has been placed on the 10-day disabled list with a right lat strain. Sam Tuivailala has been added to the roster in Rosenthal’s place.

The Cardinals’ closer until the second half last year, Rosenthal came into camp this spring hoping to battle for a rotation spot. However, the lat injury killed that dream. When Rosenthal is healthy, he’ll return to the bullpen.

Last season, Rosenthal posted a 4.46 ERA with 14 saves and a 56/29 K/BB ratio in 40 1/3 innings.