Anthony Rizzo has signed a long term extension with the Cubs. Ken Rosenthal has the details. The deal is for at least seven years (including 2013) and $41 million, which includes what would have been Rizzo's first free agent season in 2019. In addition, it contains two club options which would bring the total contract to 9 years and $68 million, with escalators that could potentially increase that total to $73 million.
My off the cuff reaction to the deal is that the Cubs received the bulk of the upside here. It's certainly possible that Rizzo doesn't pan out the way the Cubs hope (think early Carlos Pena), but at approximately $6 mill per season, it won't be a lead weight on the franchise. In a medium case (think Adam LaRoche), it's a fair deal, and shouldn't be difficult to move. If Rizzo continues to improve, however, (think Derrek Lee) this could be an absolute steal. In 2020, I would venture to guess that a 2 yr/ 29 million dollar deal will look reasonable for a 30 year-old first baseman near the prime of his career.
On track to be a super two player, Rizzo would have had four years of arbitration (2015-2018). I don't think it's a stretch that in the medium case or better scenario he would have earned nearly all of the $41 million that's guaranteed in this deal in those four arbitration years plus one year of free agency, in which case the option years are gravy for the organization. Stay tuned to OV for more analysis on the deal.