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.

Noah Syndergaard: ‘I feel like I’m going to bet (on) myself in free agency’

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Yankees starter Luis Severino and Phillies starter Aaron Nola both signed contract extensions within the last week. Severino agreed to a four-year, $40 million contract with a 2023 club option. Nola inked a four-year, $45 million deal with a 2023 club option.

While the deals both represented significant raises and longer-term financial security for the right-handed duo, some feel like the players are selling themselves short. It has become a more common practice for players to agree to these types of deals in part due to how stagnant free agency has become. Get the money while you can.

Mets starter Noah Syndergaard is in a similar situation as Severino and Nola were. He and the Mets avoided arbitration last month, agreeing on a $6 million salary for the 2019 season. He has two more years of arbitration eligibility left. A contract extension with the Mets would presumably cover both of those years plus two or three years of what would be free agent years. As Tim Britton of The Athletic reports, however, Syndergaard plans to test free agency when the time comes.

Syndergaard said, “I trust my ability and the talent that I have. So I feel like I’m going to bet (on) myself in free agency and not do what they did. But if it’s fair for both sides and they approach me on it, then maybe we can talk.” He clarified that he would be open to a conversation about an extension, but the Mets thus far haven’t approached him about it. In his words, “There’s been no traction.”

Syndergaard, 26, has been one of baseball’s better starters since debuting in 2015. He owns a career 2.93 ERA with 573 strikeouts and 116 walks in 518 1/3 innings. Among pitchers to have logged at least 400 innings since 2015 and post a lower ERA are Clayton Kershaw (2.22), Jacob deGrom (2.66) and Max Scherzer (2.71). Syndergaard made only seven starts in 2017 yet still ranks seventh among pitchers in total strikeouts since 2015.

If Sydergaard doesn’t end up signing an extension, he will be entering free agency after the 2021 season. The collective bargaining agreement expires in December 2021 and a new one will likely be agreed upon around that time. Syndergaard will hopefully have better prospects entering free agency then than players do now.