Appears Zambrano Contract Extension Imminent
Submitted by Arizona Phil on Fri, 08/17/2007 - 7:12am
The Daily Herald is reporting that the Cubs have called a 10:15 AM (CDT) press conference where they are expected to announce a multi-year contract extension for RHP Carlos Zambrano. Zambrano, who is eligible to be a free-agent after this season, is presently signed to a one-year contract for a $12.4M base salary, plus another $2M+ in potential incentive bonuses related to All-Star selection (didn't get that), Gold Glove, Silver Slugger, a top three finish in the Cy Young Award vote, a top three finish in the MVP, and MVP in the LDS, LCS, and WS. AZ PHIL UPDATE #1: ESPN Radio 1000 is reporting the deal will be five years for $90M. That means an average salary of $18M per year over the length of the deal. Still unknown are any player options, club options, and/or vesting options that will be built into the contract.