Details on Anthony Rizzo’s Seven-Year Contract Extension

Jon Heyman uncovered the breakdown on Anthony Rizzo’s seven-year, $41 million contract extension. Rizzo’s contract includes a $2 million signing bonus and an increase on his salary for this season (2013) from $498,000 to $750,000.

Keeping in line with the new club policy, Rizzo’s contract does not include a no-trade clause. The contract includes two club options for the 2020 and 2021 seasons worth $14.5 million.

Here is the breakdown of Anthony Rizzo’s seven-year contract as reported by Jon Heyman:

  • $2 million signing bonus
  • 2013 – $750,000
  • 2014 – $1.25 million
  • 2015 – $5 million
  • 2016 – $5 million
  • 2017 – $7 million
  • 2018 – $7 million
  • 2019 – $11 million

Club Options for 2020 and 2021 that includes a $2 million buyout if the options are not exercised

  • 2020 – $14.5 million
  • 2021 – $14.5 million

Reports on Sunday night indicated Rizzo’s contract also includes an incentives package, but those details have not been released.

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  • Ray Ray

    Good deal for both parties. Rizzo is getting paid more now than he would have and has the security and protection in case of injury and/or poor performance.The Cubs are tying up a core piece and are gambling that he performs to the level they are paying him at. He also gets performance incentives to sweeten his deal. Is it a savings? Yes…but Rizzo got a great deal as well.

  • Tony_Hall

    This deal will look like the bargain it is very soon.

    His 4 arb years at $6M average is a steal, then add in buying out a year of FA for $11M AND getting 2 club options for what is even in today’s dollars a bargain for a FA 1B is price that Rizzo paid to get paid now. He gave up a lot of money by not going year to year, but has guaranteed himself $41M and will control being a free agent until he his age 31 season.

    Great deal for both parties!

    • Ray Ray

      Of course he would need to perform and stay healthy to be paid more. Hopefully he does.

      • Tony_Hall

        Can’t you just think positive on such a great deal for both the Cubs and Rizzo :)

        • Ray Ray

          I am positive. It is a good deal for both parties like a said. Rizzo still would need to perform and stay injury free for it to be a great deal for the Cubs. Don’t you agree with that? What is wrong with that statement?

          • Tony_Hall

            Of course he needs to still perform, but over the next 5 years he will still be at or under $7M. Not much production needed to make that a great deal.

            Injuries happen and can’t be controlled.

        • Ray Ray

          Look at the Ryan Zimmerman extension. Everyone was saying what a great deal it was for the Nats at the time and it still could be…..but he has been hurt and not performed up to the level that they thought he would be at this time. I think Rizzo plays a less demanding position and it is a much better gamble and I do agree. I think it is a great gamble for the Cubs and good security for Rizzo.

          • http://theboardridersuite.wordpress.com/ Theboardrider

            I think it’s a great deal and a savvy move by the front office. He’s looking more and more like an all-star, maybe even this year. If he does perform he’ll get more expensive by the day and the deal will get less and less sweet for us. As it stands we’ve got our top 2 position players locked up long-term and we’ve said to everyone else that is young that if they perform they will get rewarded sooner than later. It’s a great move for morale and making other young studs wish they could play for a President like Theo. However I imagine most of them would like to do that already. I love giving guys raises when they perform and telling them that they will be taken care of before it is even a necessity. Player friendly policy but works well for the club too.

          • Ray Ray

            Now we only need to find 6 more core pieces :)

          • http://theboardridersuite.wordpress.com/ Theboardrider

            Let’s see.

            C: Castillo
            1B: Rizzo
            2B: Barney, Villanueva, Baez
            SS: Castro, Baez
            3B: Villanueva, Castro
            LF: Almora
            CF: Borbon (really wishful)
            RF: Soler

            I feel good about Castillo, Rizzo, Castro and Soler. I believe in Baez as well. Lot’s of others with potential in the system such as Lake and Vogelbach that could be inserted at some point.

          • Ray Ray

            I think it is too early to make a judgment on Castillo. Do you know he has only 1 BB in 111 PA this year? I don’t think that has even been mentioned. Soto was rookie of the year and we all thought he was going to be the catcher for the Cubs for the next 10 years.Give him a couple of years to see how he adjusts to the scouting reports. They need to add pieces this offseason. Shin Soo Choo would be great. They need to upgrade 2nd base and 3rd base.

          • 07GreyDigger

            I agree with you on Castillo and Barney. Castillo was great in April, but has been really awful this month. Let’s see how he does over a full season, but he does have the makings of being a good player.

            Barney is a utility infielder in a great position to start and he’s looked terrible so far, he’s in over his head and need a solution there too.

            Choo would be great, but not realistic. Too old for what they’re looking for.

          • DWalker

            I agree as well on Castillo. In fact, I have a feeling that if there is a decent one on the board for their second round pick, they might take a catcher. I’d also not be shocked if they made a run at Jose Herrera in the international pool.

          • Ray Ray

            Is Herrera major league ready?

          • http://chicagocubsonline.com/ Neil

            No he is not. Herrera is only 16 years old.

          • Tony_Hall

            Can’t say I thought that. I thought it was terrible timing and for way too much money. Zimmerman is a very good 3B, but they have a young guy who could take over far sooner, that plays 3B. Not like 3B can move to too many other positions.

            Signing these guys early like the Rays did with Longoria and the Cubs have now done with Castro and Rizzo is the way to go. Even if the player has injuries and/or doesn’t make it like you expect the dollars are so much less than if you wait until they are about to be free agents.

          • Ray Ray

            The biggest problem with Zimmerman is the no trade. At least the Cubs are not doing that. He was 23 or 24 at the extension??? Check that maybe I am wrong but there is always a risk. I agree with you on Rizzo. I think it is a good move and a good gamble.

          • Tony_Hall

            He just signed a little over a year ago at his age 27 season to go through his age 34 season.

            6 years/$100M (2014-19), plus 2020 club option

            signed extension with Washington 2/26/12

            Here is the info on his 1st extension that was a good deal.

            5 years/$45M (2009-13)

            signed extension with Washington 4/20/09

          • Ray Ray

            agreed. I thought he was younger. Too much and too many years at his age

          • triple

            I’m still at a loss trying to find the comparison between an 11yr/$135mil contract and a 7yr/$41mil contract. If Rizzo puts up the exact same numbers as Zimmerman has since singing his contract on a 162 game avg, (.291/28HR/100RBI), it is better than the Zimmerman signing by over 200%. The team option allows the Cubs to add on a couple years that are a steal if he is a perennial all-star by then. And even if Rizzo is just average, or a little above average, he would be easy to trade and get a return of prospects as well.

          • Ray Ray

            You are right when I looked further into it.

    • 07GreyDigger

      Absolutely. Now they just have to find more core people to sign to team friendly deals! haha.

      • Tony_Hall

        Samardzija and Garza in the rotation would be nice. T Wood is another posibility in the off season as he will be arbitration eligible.

        Castillo is the only other position player to consider at this point and he is 1-2 years away from consideration.

        • Ray Ray

          The issue is what is Shark’s value? I get the feeling that he would want to be extended like a top of the rotation starter…..but has he proven that he is one? I would definately extend Garza at this time since he is the one true top of rotation starter they have. Travis Wood I would wait to see if he has a better 2nd half than last year.

          • http://theboardridersuite.wordpress.com/ Theboardrider

            I would absolutely not pay Shark top of the rotation starter money. I would get into negotiations and if that is what he’s asking for I’d put him on the block. He’s been up and down and to me not shown near enough to warrant “cornerstone status.” Trade him to a contending team that lacks starting depth and get back a AA top-10 prospect or 2.

            If he’s asking for top of rotation money that will tell me a lot about the guy and his over-inflated sense of self-importance.

        • 07GreyDigger

          I’m not sure about extending Garza. While he seems like a great teammate, he has been injury prone and probably the only guy (assuming he’s healthy) the Cubs will get any return on due to a weak trade market for SPs.

          • Ray Ray

            Look at the free agent list for starting pitching the next couple of years. An extension makes the most sense.

          • paulcatanese

            I agree with you about Garza. While he has all the qualities one would want in a player, and I really like him as a teammate.
            I as well as you feel his ability to remain healthy is a real question mark.
            I hope that’s all behind him now and can contribute to the Cubs, I still hold my breath every time he goes to the hill.
            If traded I would hope they get someone of good caliber, but above that I hope he is healthy and remains.

  • Ray Ray

    Dave Kaplan is reporting the Cubs will be big spenders in the FA market this offseason. Whew!!!!! I hope this is true. He mentions Ellsbury as being on top of their list. I would prefer Choo by far. I hope they go after Choo. He has been healthy and would be an ideal lead off hitter

    • http://theboardridersuite.wordpress.com/ Theboardrider

      Ellsbury is quite a bit younger isn’t he? Who else is out there for CF options?

      • Ray Ray

        29 and I believe Choo is 30. But Choo is more of a RF. I know you consider DeJesus to be an on base machine but there is no comparison when you compare him to Choo. Choo would be the best leadoff hitter this franchise has had in a long long time.

        • http://theboardridersuite.wordpress.com/ Theboardrider

          I like Choo. I’d like to find someone under 30 though. Even under 27 if possible. Somebody coming into their prime at a position that relies on speed.

          • Ray Ray

            those are hard to find since teams are locking up core players now.

    • 07GreyDigger

      I think the Ellsbury rumor is kind of hacky journalism. Hey! Epstein and Hoyer worked in Boston and Ellsbury plays in Boston! Perfect match!

      No thanks on Ellsbury, we don’t need to pay a guy made of glass big time dollars.

      • Ray Ray

        agreed. he had one career year where he hit over 30 HR’s. I don’t think he will come close to that again….and like you say…..he is brittle.

    • Tony_Hall

      I think they will go after players on other teams that teams will need to trade like a Price over signing an Ellsbury. Of course they will sign a few FA’s like they have already been doing.

      • http://theboardridersuite.wordpress.com/ Theboardrider

        I see this scenario as well. Maybe sign a bargain guy or two that lingers, ala Bourn.

        • Ray Ray

          Welcome to my side :)

        • 07GreyDigger

          Bourn wasn’t a bargain at 12 mil per. Bargain was like Mark Reynolds who signed for 6 mil and is tearing the cover off the ball.

  • paulcatanese

    As I posted earlier, it was a steal for the Cubs. Comparing Rizzo and Castro tells it all. Rizzo will develop faster, already has twice the power and his defense is ahead of Castro, yet signed for less money.
    Could turn out to be a legendary signing for the Cubs.

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