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.

Angels claim pitcher Jacob Rhame off waivers from Mets

Jacob Rhame waivers
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The Angels announced on Wednesday that the club claimed reliever Jacob Rhame off waivers from the Mets.

Rhame, 27, was limited to 6 1/3 innings in the majors and 20 2/3 innings in the minors last season due to an elbow issue. He underwent ulnar nerve transposition surgery in mid-August.

Though Rhame has a career 6.23 ERA in the big leagues, he showed promise at Triple-A from 2016-18, averaging better than 10 strikeouts per nine innings in all three years. The Angels are taking a flier on the right-hander to see if he can translate that success to the majors.