Image
Cubs Press Conference Announced
Jim Hendry will be making some sort of announcement at 1:30 CST time today at the Cubs Convention.
There's some radio reports from the Score that it will be to announce an extension for Carlos Zambrano in the $16 mil range, years unknown. It's still firmly planted in the rumor stage though.
UPDATE: Told you it was a rumor, a mean, vicious rumor at that. It seems the press conference will be about 5th round pick Jeff Samardzija choosing the majesty of baseball over the brutality of football. You can read AZ Phil's post on recent developments in his contract as well.
UPDATE #2: We've got all kinds of stories on this now and it appears to be a five year deal for $8 million in guaranteed money. A few reports seem to indicate it could be as high as $9 million and a number of incentives are sure to be included.
UPDATE #3: The same ESPN link from above has been modified and says there's likely to be signing bonus that will push the deal in the $10 million range and the Cubs hold options for 2012 and 2013.
FINAL UPDATE: Sullivan at the Trib says the bonus is for $2.5 million and he'll get $7.5 million over the next five years. The two club options in 2012 and 2013 could make the final deal worth up to 7 years and $16.5 million.
THE FINAL, FINAL UPDATE: Oh yeah, there's a no-trade clause as well. Dumb. Samardzija offered to return the bonus money if he goes back to football. Yeah right!
Comments