UPDATE: The offer to David Wright: seven years and between $119-129 million

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UPDATE: Rosenthal has corrected that initial report. The $125-150 million figure was over the next eight years, which includes his 2013 option which pays him $16 million. The new money in the seven-year extension is between $119-129 million.

That still doesn’t match up all perfectly, but it seems like the idea is not to tear up the 2013 option and give him seven years at $18-21 million, but to add seven years on to the back of it at $17-18 million a season. Not an insignificant difference.

3:31 PM: To say that the David Wright story has changed since all work up this morning is a bit of an understatement. The latest:

Hold out for a couple more hours, David! You’ll get 40% ownership in the team!

Cubs to activate Craig Kimbrel on Thursday

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The Cubs will activate reliever Craig Kimbrel ahead of Thursday afternoon’s game against the Braves, Sahadev Sharma of The Athletic reports.

Kimbrel, 31, ended a seven-month stint in free agency, agreeing to a three-year, $43 million contract with the Cubs earlier this month. He has made four minor league appearances, allowing one earned run on two hits and a walk with four strikeouts in 3 2/3 innings.

With an aggregate 3.96 ERA entering Wednesday, the Cubs’ bullpen has been among the better bullpens in the league. Adding Kimbrel, one of the greatest closers of all-time, certainly can’t hurt and will give them some stability in save situations.