Update (7:31 PM EST): ESPN’s Jerry Crasnick reports the two sides are in agreement, pending a physical. Cain will earn $6.5 million in 2016 and $11 million in ’17. The deal does not contain any options, so Cain will become eligible for free agency after the 2017 season.
Jeff Passan of Yahoo Sports reports that the Royals and outfielder Lorenzo Cain are close to an agreement on a two-year, $17.5 extension which would cover his two remaining years of arbitration eligibility.
Cain and the Royals weren’t able to reach an agreement ahead of Friday’s deadline. Cain submitted a request of $7.85 million while the Royals countered at $5 million. Had the two sides not reached an agreement by the time arbitration hearings were held, an independent arbitrator would choose either Cain’s request or the Royals’ counter as his salary for the 2016 season.
The midpoint between the two sides was $6.425 million. The average annual value of Cain’s expected extension ($8.75 million) exceeds that by over two million.
Cain, 29, hit .307/.361/.477 with 16 home runs, 72 RBI, 101 runs scored, and 28 stolen bases for the Royals during the 2015 regular season. In helping his club win the World Series, Cain registered a hit in 14 of 16 playoff games, including nine consecutively between Game 1 of the ALDS and Game 4 of the ALCS.