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Cubs, Rizzo agree to $41 million, 7-year deal

Published May 13, 2013 10:30 am

This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Chicago • The Cubs have agreed to a $41 million, seven-year contract with slugging first baseman Anthony Rizzo that could be worth up to $68 million over nine seasons.

Rizzo gets a $2 million signing bonus under Monday's deal, of which $250,000 is payable within 30 days of the contract's approval by Major League Baseball and $1.75 million is payable next Jan. 15.

He receives a $750,000 salary this year, up from $498,000 under the agreement he reached in March. He then will earn $1.25 million next year, $5 million apiece in 2015 and 2016, $7 million each in 2017 and 2018 and $11 million in 2019.

Chicago has a $14.5 million option for 2020 with a $2 million buyout. If that is exercised, the Cubs will have a $14.5 million for 2021 with a $2 million buyout.