The Cubs will soon announce a five-year contract extension for Theo Epstein

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Carrie Muskat of MLB.com just tweeted that the Cubs will soon announce a five-year contract extension for president Theo Epstein. Bob Nightengale of USA Today reports that it’s worth in excess of $50 million.

He’s earned it. When he took over the Cubs in October, 2011 the Cubs were a last place team with an aging roster and a front office that was several years behind the state of the art in every conceivable way. Last year the Cubs made the playoffs and this year they are baseball’s best team by a large margin and the franchise looks poised to continue its success for some time.

So, yeah, I’d say locking Theo up is a good idea.