Jake Arrieta Contract: Latest News, Rumors on SP's Negotiations with Cubs

The Chicago Cubs are hoping to sign starting pitcher Jake Arrieta to a long-term deal before he hits free agency. 

Continue for updates.

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Latest on Extension Negotiations

Thursday, Dec. 8

According to Jesse Rogers of ESPN Chicago, the 30-year-old's agent, Scott Boras, believes this is the time to come to an agreement with the team, and a contract will be discussed in January.

Arrieta is in his third year of arbitration and is set to be a free agent after the 2017 season.

The Cubs acquired Arrieta in a trade from the Baltimore Orioles during the 2013 season. Since then, the right-hander has blossomed into one of the top pitchers in the game.

After a breakout 2014 season during which he had a 2.53 ERA in 25 starts, Arrieta took home his first Cy Young Award in 2015, when he posted a 22-6 record, 1.77 ERA and 236 strikeouts in 229 innings.

He followed that up with a strong 2016, as he won 18 games with a 3.10 ERA, finishing in the top 10 of the Cy Young Award voting for the third year in a row. He was also instrumental toward helping the Cubs bring home their first World Series title since 1908.

Just for good measure, Arrieta also won a Silver Slugger Award in 2016 after posting a .262 batting average with two home runs.

This is especially impressive considering how well he shut down all opposing hitters, per Jayson Stark of ESPN.com:

While Kyle Hendricks and Jon Lester also put together outstanding seasons for Chicago, Arrieta is still a valued member of the pitching staff, and the Cubs will likely want him around for as long as possible.