Kyle Hendricks, Cubs comply with deal including US$55.5M from 2020-2023

MESA, Ariz. — Proper-hander Kyle Hendricks and the Chicago Cubs agreed to a contract that provides US$55.5 million from 2020 to 2023, guaranteeing he’ll obtain $62,905,000 over the subsequent 5 seasons.

Hendricks agreed in January to a one-year deal for $7,405,000. He would have been eligible for arbitration subsequent winter.

His new deal provides salaries of $12 million for 2020 and $14 million yearly from 2021-23. The settlement features a $16 million crew possibility for 2024 with a $1.5 million buyout, and the choice would turn out to be assured if he completed among the many high three in Cy Younger Award voting in 2020. There are $three million yearly in escalators based mostly on ending among the many high 10 in Cy Younger Award voting.

Hendricks’ deal is considerably patterned after the deal agreed to final month by St. Louis pitcher Miles Mikolas, who was assured a further $68 million from 2020-23, elevating his whole to $75.25 over 5 seasons.

Hendricks, who turned 29 in December, is 52-33 with a three.07 ERA in 5 seasons with the Cubs, together with 14-11 with a three.44 final 12 months.

Source link