Report: Cubs and Starlin Castro agree to seven-year, $60 million extension

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UPDATE: David Kaplan of CSNChicago.com hears that the deal is very close, but isn’t finalized yet.

3:22 PM: We’ve heard reports over the past couple of days that the Cubs and Starlin Castro were close to agreeing on a long-term contract extension. The deal is now in place.

According to Enrique Rojas of ESPNDeportes.com, the Cubs and Castro have agreed to a seven-year, $60 million extension with a $16 million club option for 2020.

Castro was projected to qualify for arbitration this winter as a Super Two player, so the deal covers all four years of arbitration eligibility and three years of free agency. He will be signed through his age-29 season.

Castro, 22, entered play this afternoon with a .297/.333/.422 batting line over his first three seasons in the big leagues. He continues to have his share of mental errors and his plate discipline, fielding and baserunning all have room for improvement, but Theo Epstein and company have sent a clear message that they consider their young shortstop an important building block.

Tim Tebow hit his first Triple-A homer

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Tim Tebow is not having a very good go of it in Triple-A. He’s hitting .157/.216/.231 in his first 34 games at the minors’ top level. This is somewhat problematic given that the worse the Mets’ season goes — and it ain’t going great right now — the more likely it is that they’ll want to give him a big league cup of coffee at the end of the year. I mean, they still might do it anyway, but I’m sure they’d like his slugging percentage to be higher than his weight when they do.

Yesterday, though, the Heisman Trophy winner did something good: he hit a dinger. His first since his promotion to Syracuse. It came in his 105th at bat of the year.

The homer was the product of a recent hot — well, let’s call it warm — streak that he’s been on of late. Tebow has hit in seven of his past nine games, raising his average from .130 to .157. He has five doubles and 11 RBI on the year to go with that homer. Citi Field, here he comes.

Here’s the blast is in all of its minor league glory: