NBC Sports’ D.J. Short reported that the contract is worth $60 million over seven years and will keep the 22-year-old in a Cubs’ uniform until he is 29 years old.
UPDATE: Tuesday, August 28 at 2:45 p.m. ET by Timothy Rapp
As the Chicago Cubs tweeted on Tuesday afternoon, the contract includes a club option for an eighth year.
The #Cubs and SS Starlin Castro have agreed to terms on a seven-year contract that includes a club option for an eighth season in 2020.— Chicago Cubs (@Cubs) August 28, 2012
If Castro lives up to this deal, that's an option I'm sure the Cubs will be happy to take. Smart move by the club to not only sign this deal, but make sure he's under contract until he hits 30.
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President of Baseball Operations Theo Epstein—in his first season with the Cubs—sold off veterans such as Ryan Dempster and Geovany Soto at the trade deadline. It was another season in the seller’s role, as the team has struggled all season and is currently sitting 25 games outside of first place in the NL Central.
Epstein did his duties, cutting payroll and adding prospects. Now, he has focused his attention on securing the most promising young talents on his roster.
What grade would you give Theo Epstein thus far?
Castro is batting .278 with a .423 slugging percentage this season. The 22-year-old batted .300 and .307 in his first and second seasons in the majors, respectively.
He is a productive hitter who flashes the ability to crack the occasional long ball, as he has 22 home runs in the past two seasons. His inexperience does show at the plate and on the field, but he has certainly been a bright spot on a disappointing team and he has room to grow.
Going forward, he will be one the team’s most important young players and Epstein has done well to send a message to Castro, the fans and the other teams in the MLB that he is serious about securing the Cubs’ future.