Starlin Castro’s extension with the Cubs could be announced Tuesday

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Enrique Rojas of ESPNDeportesLosAngeles.com reported last weekend that the Cubs and Starlin Castro had reached an agreement on a long-term contract extension, but we’re still waiting on an official announcement. That should change soon.

According to Bruce Levine of ESPN Chicago, the deal could be announced as soon as tomorrow. Castro’s agent, Paul Kinzer, was at Wrigley Field today presumably putting the finishing touches on the agreement.

Castro will reportedly be guaranteed $60 million over seven years while the contract includes a $16 million club option for 2020 or a $1 million buyout. The 22-year-old shortstop was projected to qualify for arbitration for the first time this winter as a Super Two player, so the extension will buy out all four of his arbitration seasons and at least his first three years of free agency.

Castro entered tonight’s action with a .296/.333/.421 batting line and a .755 OPS over his first three seasons in the big leagues. He’s still a bit raw and may find himself at another position by the time the contract expires, but Theo Epstein and company are banking on Castro to be one of the cornerstones that gets the Cubs back on the winning track.

UPDATE: Ken Rosenthal of FOXSports.com has the contract details. In addition to a $6 million signing bonus, Castro make $5 million in 2013 and 2014, $6 million in 2015, $7 million in 2016, $9 million in 2017, $10 million in 2018 and $11 million in 2019. If he wins the MVP or finishes in the top five of MVP balloting twice, salaries for 2019 and the 2020 option year will increase by $2 million. He’ll max out at $79 million if the option year is exercised and he meets all escalator benchmarks.

Texas Rangers fire manager Jeff Banister

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The Texas Rangers just announced that they have fired Jeff Banister as the team’s manager. Bench coach Don Wakamatsu has been named interim manager for the remainder of 2018 season.

Banister was in the last year of his contract with the club, but there was an option for 2019. Rangers brass, obviously, has decided to go in a different direction following what will be the club’s worst finish in Banister’s tenure. At the moment the Rangers are 64-88 and are assured of last place in the AL West.

Banister was hired before the 2015 season and led the Rangers to first place finishes in each of his first two seasons, willing the Manager of the Year Award in 2015. The club fell to a disappointing third place and a 78-84 record last season, however and, after an offseason that neither helped the Rangers rebuild OR reload, this season the descent has continued.

Injuries and under achievement has been the order of the day for the past two years and, with the career of Adrian Beltre nearing its end and the Rangers having been passed up by the Astros as the class of the division, a full rebuild is in the club’s future. Even if that was not the case, however, recently there have been some reports about Banister having trouble communicating with his players, suggesting that, perhaps, the Rangers would move on from him even if the results on the field had been better.

Banister ends his reign as the Rangers’ skipper with a record of 325-313.