Red Sox and Rick Porcello agree to a four-year, $82.5 million contract extension

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UPDATE: Sean McAdam of CSNNE.com reports that the deal is worth $82.5 million.

As for the contract details, Porcello will get a $500,000 signing bonus to go along with salaries of $20 million in 2016 and 2017 and $21 million in 2018 and 2019. The deal sets him up for another potential big payday after his age-30 season.

It seems a little steep for what Porcello has done until this point, but he’s still very young and likely would have found a bigger deal in free agency this winter if he duplicated what he did last year. Everybody’s happy.

Porcello wrote about his extension in a piece at the Players’ Tribune. You can read about it here.

7:48 p.m. ET: On the heels of a report yesterday that the two sides were going to table negotiations until the offseason, the Red Sox just announced that they have agreed to a four-year extension with right-hander Rick Porcello. No word yet on the terms involved, but he’s now locked up through 2019.

Porcello, who was acquired from the Tigers for Yoenis Cespedes over the winter, was due to become a free agent this offseason. The 26-year-old owns a 4.30 ERA for his career and is coming off a career-best 3.43 ERA last season to go along with a 129/41 K/BB ratio over 204 2/3 innings. He’s making $12.5 million this year.

The Cubs send Kyle Schwarber to the minors

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Kyle Schwarber broke into the bigs in 2015 with a big bat. After missing almost all of the last season with an injury, he reemerged as a postseason hero, posting a .971 OPS in the World Series. As 2017 began he was supposed to be one of the key parts of a potent Cubs offense.

Then the baseball games actually started and he has hit a mere .171/.295/.378. Indeed, he has the lowest batting average among qualified MLB hitters in 2017. Given that he has very little if any defensive value, he has been a significant drag on the Cubs, who are just a single game over .500.

Now this:

The Cubs are also putting Jason Heyward on the disabled list, so the outfield is a bit of a mess these days. Lucky for them, they’re only trailing the Brewers by a game and a half.

The A’s designate Stephen Vogt for assignment

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A surprising move out of Oakland: the Athletics have designated catcher Stephen Vogt for assignment.

Vogt is suffering through a bad season at the plate, hitting .217/.287/.357, so on the basis of pure performance it’s understandable that the A’s may want to part ways with the 32-year-old former All-Star. That said, Vogt is considered to be a leader in the Oakland clubhouse and is one of the last players remaining from the A’s 2013-14 playoff teams.

Catcher Bruce Maxwell has been recalled from Triple-A to take Vogt’s place on the roster. Main catching duties will belong to Josh Phegley.