Cubs Sign Pedro Strop to Contract Extension
Mark Gonzales at the Chicago Tribune is reporting that the Cubs have signed RHRP Pedro Strop to a contract extension that will keep the right-hander under club control through the 2019 season.
The 31-year old Strop gets $5.85M in 2018, and the Cubs hold a $6.25M club option for 2019 ($500K buy-out if Cubs decline the club option).
Strop was the one post-2016 salary arbitration-eligible Cub who did not agree to a 2017 contract when arbitration figures were exchanged on January 13th, eventually signing a contract on February 11th. Strop had requested $6M and the Cubs offered $4.6M when the two sides exchanged figures in January, before Strop accepted a $5.5M offer ($200K above the mid-point) prior to the scheduled hearing.
So combining his 2017 $5.5M salary with the contract extension, Strop gets $11.85M guaranteed through 2018 ($5.925M AAV), with the possibility of earning as much as $17.6M over the three-year period 2017-19 ($5.867M AAV).
The Cubs 2017 payroll is presently in the $175M range (counting actual salaries, signing bonuses, and legacy payments to be paid in 2017, not AAV of contracts), but guaranteed contracts only amount to $72.85M in payroll (so far) for 2018 (less than half of the Cubs projected 2017 payroll). This should allow the Cubs to sign (or re-sign) two or three significant free-agents (including perhaps Jake Arrieta?) and/or acquire via trade a couple of established players (most-likely pitchers) post-2017, or perhaps sign Kyle Hendricks, Kris Bryant, Addison Russsell, Kyle Schwarber, and/or Javier Baez to contract extensions (presuming the player - and his agent - are willing). NOTE: Hendricks, Bryant, and Russell will be first-time salary arbitration eligible post-2017 (with Bryant and Russell eligible for arbitration as "Super Two" players), but Schwarber and Baez will not be arbitration-eligible until post-2018.
The bottom line is, while the Cubs 2017 payroll is fairly tight (not a lot of wriggle room), things will loosen-up considerably in 2018. However, the Cubs 2017 payroll (in particular) matters because if the Cubs go over the Competitive Balance Tax threshold again in 2017, they will get a pick between the 4th & 5th rounds of the 2018 June draft instead of between the 2nd & 3rd rounds should Jake Arrieta in fact become an Article XX-B MLB free-agent post-2017, receive a Qualifying Offer from the Cubs, decline the QO, and then sign with another MLB club. (Arrieta is the one Cub eligible to be a free-agent post-2017 who is a virtual lock to receive a Qualifying Offer, although there is a chance that Wade Davis could receive a QO as well).
ARTICLE XX-B MLB FREE-AGENTS POST-2017:
Brett Anderson (not eligible to receive a Qualifying Offer)
John Lackey (not eligible to receive a Qualifying Offer)
SIGNED BEYOND 2017:
Jon Lester ($22.5M in 2018-19 & $15M in 2020, plus $2.5M signing bonus each post-2018-19 & $10M post-2020, & $25M vesting option for 2021 if 200 IP in 2020 or 400 IP in 2019-20 or $25M club option for 2021 or $10M buy-out)
Jason Heyward ($21.5M in 2018, $20M in 2019, $21M each in 2020-21, and $22M each in 2022-23, and player may opt-out of contract post-2018 or post-2019 if 550 PA in 2019, plus $20M signing bonus deferred with $5M paid each April 1st 2024-27, or starting April 1st of the next season following opt-out)
Ben Zobrist ($16M in 2018 and $12M in 2019)
Anthony Rizzo ($7M in 2018, $11M in 2019, $14.5M each in 2020-21 with $2M club option buy-out each season 2020-21, 2019-21 salaries increase by $1M if one MVP or two Top 5 MVP 2013-19, and player may void 2021 club option with Top 2 finish in MVP 2013-19 and/or subsequent trade)
Pedro Strop ($5.85M in 2018 and $6.25M in 2019 or $500K buy-out)
2018 SUB-TOTAL: $72.85M
PROJECTED ARBITRATION-ELIGIBLE POST-2017:
Kris Bryant (“Super Two”)
Addison Russell (“Super Two”)
Matt Szczur (possible “Super Two” – borderline at this point - TBD)
ESTIMATED PROJECTED 2018 SUB-TOTAL: $25M???
AUTO-RENEWAL (PRE-ARBITRATION) POST-2017:
Albert Almora Jr
Carl Edwards Jr
Matt Szczur (if not “Super Two”)
Duane Underwood Jr
ESTIMATED PROJECTED 2018 SUB-TOTAL: $10M???
ESTIMATED PROJECTED 2018 PAYROLL: $107M+
Eric S 6 hours 26 min ago (view)
Cubs were Nootbaar'ed to the tune of 12-4 in Game 2
Cubster 7 hours 27 min ago (view)
With a Doubleheader loss, the Cubs are back on track for a better draft choice. Right now at 67 wins they pick #7, just ahead of KC and Minnesota who have 68-69 wins.
crunch 8 hours 56 min ago (view)
the shit sandwich that is zach davies is a 6 foot party sub.
Dolorous Jon Lester 8 hours 59 min ago (view)
I am celebrating the day he signs with another team this offseason. I didn't know I could hate him more than I did when he was in Milwaukee but here we are!
crunch 9 hours 19 min ago (view)
wisdom can hit some bombs when he does connect..wow.
also davies still sucks.
tim815 9 hours 54 min ago (view)
McAvene is struggling against hitters in Instructs. He's not ready for the AZ Fall League. I'd expect to see Juan Gamez otr Aneuris Rosario first. Vazquez, I agree with, entirely.
bradsbeard 11 hours 45 min ago (view)
On the position player side, Amaya if he's healthy. Chase Strumpf makes a lot of sense (missed some time early and late, missed all of last year). Nelson Velazquez maybe as a Rule 5 guy if they're on the fence. Cam Balego and Andy Weber are two other candidates if healthy. Luis Vazquez could also use more upper level PAs and would make sense.
Lots of potential pitchers. Ideally Marquez but not sure they'll let him pitch this year. McAvene is probably another one. Would be awesome if Kohl Franklin could participate.
First.Pitch.120 13 hours 2 min ago (view)
Arizona Phil 17 hours 35 min ago (view)
Cubs select contract of RHRP Jason Adam from AAA Iowa and he will be the "29th man" in today's DH with STL. Also,.C Robinson Chirinos to 10-day IL with oblique strain, and OF Greg Deichmann has been recalled from Iowa.
Arizona Phil 18 hours 45 min ago (view)
FP120: The Cubs have been working on pick-off plays, baserunning including rundown ("pickle") drills, amd bunt defense in pre-game and Camp Day instructional work, so it's kind of a "Point of Emphasis." Apparently it's still a work-in-progress for a lot of the guys.And it's not just pick-off plays, either. At least two or three guys have been picked-off in the first three games and there have been a couple of other baserunning gaffes as well. But that's what instructs is for, right?
First.Pitch.120 1 day 7 hours ago (view)
So what's the deal with 5 pick off attempt errors in 3 games?
Arizona Phil 1 day 8 hours ago (view)
Because the Cubs play only the Angels, A's, and Rockies in Instructs this year, I would not be surprised if the Cubs make a trade or two with one or more of those clubs, most especially the Angels, who might be interested in acquiring Kyle Hendricks (since they certainly can't do a rebuild with Trout, Ohtani, and Rendon on the roster).
Arizona Phil 1 day 8 hours ago (view)
The pitching-starved Angels established an MLB (and probably Ripley's Believe It or Not) record by selecting - ONLY - pitchers in the 2021 draft. That's twenty pitchers. No position players. They signed 19 of the twenty, and five of them pitched in today's game (2021 15th round pick Glenn Albanese Jr started the game, followed by 18th round pick Nick Mondak, 7th round pick Ryan Costeiu, 8th round pick Nick Jones, and 16th round pick Nick Dufault).
Arizona Phil 1 day 8 hours ago (view)
Cubs 2020 4rh round draft pick 6'8 220+ LHSP Luke Little threw mainly a 93-97 FB with an occasional CV and CH mixed-in but pitched mostly from behind in the count, issuing two walks, hitting a batter, and throwing a WP (and surrendering a towering three-run HR) in 2.1 IP of work, LHP Angel Rodriguez was able to throw strikes with a 90-91 MPH FB, CH, and CV mix, but was pounded to the tune of five singles, a double, and a triple in just 2.2 IP, Cubs 2021 14th round draft pick RHRP Frankie Scalzo featured a 93-95 MPH FB but sometimes hung his SL and was hit hard and allowed a HR and five sing
crunch 1 day 11 hours ago (view)
chris clarke could use the work.
brennen davis...bryce ball and casey opitz, maybe. *shrug*
i'd like to see ethan roberts in the mix.
ggross 1 day 18 hours ago (view)
Phil (or anyone else),
Who are your guesses for Cubs in the Fall League this year? When will the announcements be made? Thanks!