Ken Rosenthal is reporting that the Cubs signed Yu Darvish to a six year, $126m free agent contract. The year-by-year breakdown is not yet know, but the $21m AAV means the Cubs remain $11m under the 2018 Luxury tax cap, with only the back-up catcher spot remaining to be accounted for.
The Cubs reached one-year agreements with five out of six arbitration eligible players on Friday. The payroll tracker has been updated with the new salaries.
In the absence of any significant Cubs news over the past week (we apparently signed a AAA depth reliever), I instead prepared a brief tribute to an unsung hero of the Cubs rebuild: Crane Kenney, President of Business Operations.
Selling the naming Rights to Wrigley Field would add $4.5m in payroll. I provide this fact as a data point for any holiday discussions you find yourselves in.
The Associated Press (AP) confirmed today that the Cubs did not exceed the competitive balance tax cap in 2017. The AP obtained the final figures from the commissioner’s office. The Dodgers, Yankees, Giants, Tigers, and Nationals each exceeded the cap in 2017, the Nationals for the first time.
by Moshe W.
The Cubs could save $7m in luxury tax penalties by signing Kris Bryant now to a four-year contract covering his arbitration years.
by Moshe W.
Giancarlo Stanton was traded from the Florida Marlins to the Yankees. The move will cost him $32m because while Florida has no state income tax, New York city and state both do.