Cubs finalize $60 million extension with Starlin Castro

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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.

Report: Orioles re-sign Pedro Alvarez to minors deal

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The Orioles have re-signed infielder Pedro Alvarez to a minor league deal, per a report from Roch Kubatko of MASN Sports. The deal guarantees Alvarez $1 million if he makes the 40-man roster and another $2 million in potential performance bonuses. The team has yet to confirm the deal.

This will be Alvarez’s third year with the Orioles. After posting decent numbers in 2016, the 31-year-old was relegated to the minors for the majority of the 2017 season and saw only 14 games at the big league level. He finished the year with an underwhelming .239/.294/.442 batting line and 26 home runs through 595 plate appearances for Triple-A Norfolk.

Alvarez is expected to split his time between first base and DH this spring, and MLB.com’s Brittany Ghiroli notes that he’s unlikely to experiment with another outfield role. While he isn’t too far removed from his last productive season in the majors, the veteran infielder will function purely as insurance for first baseman Chris Davis and designated hitter Mark Trumbo and will likely begin the season in the minors.