Making official what was first reported two weeks ago, the Cubs have finalized a seven-year, $60 million contract extension with shortstop Starlin Castro that includes a team option for 2020.
Castro is making the minimum salary this season and would have been arbitration eligible for the first time next year. And as a “Super Two” player he would have had four total seasons of arbitration eligibility before reaching free agency.
All of which means the seven-year extension covers all four arbitration seasons and his first three free agent seasons while giving the Cubs a $16 million option or $1 million buyout on his fourth free agent year. Carrie Muskat of MLB.com has the year-by-year breakdown:
Signing bonus: $6 million
2013: $5 million
2014: $5 million
2015: $6 million
2016: $7 million
2017: $9 million
2018: $10 million
2019: $11 million
2020: $16 million option or $1 million buyout
Compared to his rookie and sophomore campaigns Castro has taken a step backward this season, hitting .276 with a .729 OPS, but he’s already reached a career-high with 12 homers in 127 games and at age 22 there’s still plenty of room for further development.
Castro already has 1,761 career plate appearances with a month to go in his age-22 season. In the history of baseball the only shortstops with more plate appearances through age 22 are Robin Yount, Edgar Renteria, Alex Rodriguez, Elvis Andrus, Arky Vaughan, and Travis Jackson. If he turns out to be as good as the worst player on that list the Cubs will have gotten a bargain in Castro’s extension, which covers the rest of his twenties.
ESPN’s Jerry Crasnick reported on Monday that the Angels have received inquiries from multiple teams concerning starter Hector Santiago. He adds that the club is willing to listen to offers. Jon Morosi of FOX Sports and MLB Network reports that the Marlins are among the teams that have inquired.
Santiago, 28, has pitched to a 4.32 ERA with 96 strikeouts and 47 walks in 110 1/3 innings. Sabermetric statistics such as FIP, xFIP, and SIERA think the lefty has pitched even worse than his ERA indicates however, pitting 2016 as his worst performance to date.
Santiago is earning $5 million this season and will enter his third and final year of arbitration eligibility going into 2017.
We also learned earlier that, in an effort to bolster their starting rotation, the Marlins have also shown interest in Wade Miley of the Mariners and Jeremy Hellickson of the Phillies.
The Rangers placed DH Prince Fielder on the disabled list last week due to more neck discomfort. On Friday, Fielder met with Dr. Drew Dossett, who performed spinal fusion surgery on Fielder in 2014 for a herniated disk in his neck. Dossett has recommended another procedure, so Fielder will undergo season-ending surgery this week, Jeff Wilson of the Fort-Worth Star Telegram reports.
Fielder was having a rough season, batting .212/.292/.334 with eight home runs and 44 RBI in 370 plate appearances. He played in only 42 games in 2014, but returned in 2015 looking more like his old self. Unfortunately, neck and back issues are notoriously difficult to fix. Hopefully, this upcoming procedure does the trick for Fielder.
Fielder is owed $24 million per season through 2020, with the Tigers paying $6 million of it per season.