Cubs sign Anthony Rizzo to seven-year extension

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The Cubs have agreed to a seven-year, $41 million contract extension with first baseman Anthony Rizzo. The deal runs from 2013-19, reports Ken Rosenthal of FOX Sports. Rizzo, 23 years old, has been his club’s most reliable hitter, entering this afternoon’s game against the Nationals with a .288/.361/.554 line, including nine home runs.

Rizzo was a sixth-round pick by the Red Sox in the 2007 draft. He went to the Padres in the trade that sent Adrian Gonzalez to Boston. The Padres sent him to the Cubs to acquire Andrew Cashner.

Rosenthal provides more details on the contract:

The deal also includes two club options and escalators that could extend the deal to 2021 and bring the total value of the package to $73 million, sources said.

Rizzo, who has just over a year of major-league service, is earning $498,000 season. His new deal will include an immediate increase for 2013 while covering all four of his arbitration years – Rizzo was on track for Super Two status – and his first free-agent year.

The deal provides the Cubs cost certainty with an up-and-coming first baseman. Rizzo would not have been arbitration eligible until after the 2015 season and he would not have been eligible for free agency until after the 2018 season, as Charlie Wilmoth of MLB Trade Rumors notes.

Brandon McCarthy wins final spot in Dodgers’ rotation

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We learned on Monday that Hyun-Jin Ryu won one of the final two spots in the Dodgers’ starting rotation. Brandon McCarthy has won the other, Bill Plunkett of the Orange County Register reports. Alex Wood was McCarthy’s competitor for the spot.

McCarthy, 33, posted a 4.85 ERA across four appearances spanning 13 innings this spring, yielding seven earned runs on 14 hits and a walk with seven strikeouts. Wood, a southpaw, gave up five earned runs in six innings against the Reds on Tuesday, which might have factored into the decision.

Last season, McCarthy made nine starts and one relief appearance, posting a 4.95 ERA with a 44/26 K/BB ratio in 40 innings. In the event McCarthy falters, the club has Wood as well as Julio Urias and the injured Scott Kazmir as potential replacements.

Yankees re-sign Jon Niese to a minor league deal

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The Yankees have re-signed pitcher Jon Niese to a minor league contract, George A. King III of the New York Post reports. Niese was released on Sunday, but he’ll stick around and provide rotation depth for the Yankees.

Niese had knee surgery last August and got a late start to spring training as a result. In six spring appearances lasting an inning each, the lefty gave up three earned runs on five hits and a walk with five strikeouts.

Niese, a veteran of nine seasons, put up an aggregate 5.50 ERA with an 88/47 K/BB ratio in 121 innings last season between the Pirates and Mets.