Starlin Castro’s Extension Could Be Finalized Today at Seven Years and $60 Million

According to multiple reports, the final details have been worked out, and Starlin Castro could sign his big extension as soon as today.

The Cubs and Castro have been working on the extension for some time now, as the young shortstop approaches his first of four arbitration years in 2013.

Although the particulars of the extension so far have been limited in reports to seven years and $60 million (with an option year at the end), Ken Rosenthal last night reported more details. According to Rosenthal, the deal will be structured as follows: $5 million in 2013, $5 million in 2014, $6 million in 2015, $7 million in 2016, $9 million in 2017, $10 million in 2018, and $11 million in 2019. He gets a $6 million signing bonus (which is a nice use of this year’s unused funds), and the deal comes with a team option in 2020 for $16 million (or a $1 million buyout). So, the basic contract is seven years and $60 million or eight years and $75 million.

Rosenthal adds that Castro is going to receive performance incentives in the form of an MVP provision – if he wins an MVP award or finishes in the top five twice, the final two years of his deal increase by $2 million each.

Gordon Wittenmyer reports, separately, that the deal is not expected to include a no-trade clause, which would obviously be a huge (non)addition.

All in all, a great deal for both sides, particularly in the context of the increase in extensions and escalating salaries after the implementation of the new CBA.

When the deal becomes officially official, I’ll update you on the official officials of the official.

Brett Taylor is the editor and lead writer at Bleacher Nation, and can also be found as Bleacher Nation on Twitter and on Facebook.

16 responses to “Starlin Castro’s Extension Could Be Finalized Today at Seven Years and $60 Million”

  1. Cubbie Blues

    Officially a great contract for both sides.

  2. Curt

    I’m still not sure what Castro has done to deserve this contract but it sounds like a good deal for both sides, my problem with it is , is the brief moments of greatness by Castro had been translated into this deal, whatever happened to proving it, he’s had a couple nice years and I think this yr the defense has gotten some better but the offense is just ok, Brett is Castro really deserving of this or is it bc shortstops are hard to comeby just wondering.

    1. Drew7

      “I think this yr the defense has gotten some better but the offense is just ok”

      This is where people really need to realize that not all positions are created equal in terms of offensive production.

      Castro’s OPS this year (.729) would be well below league average from a 1B (.777). Those numbers from a SS though (.688), are very good – especially considering his age, this being a down year, and his defensive progression.

      So, even though I’m not Brett, yes – SS with his age and skill-set ARE that hard to find.

    2. FromFenwayPahk

      I hear you, Curt. But, I find that your wording here is backwards: “not sure what Castro has done to deserve this.”

      Think of it the other way around. What does the front office project him to do in the future to deserve this. They will (try to) not pay for past performance.
      Others here have it right (there are few short stops, so supply and demand plays in). But there are a few other things, too.
      First is his ability to hit. Some folks call that unteachable. You got it or you don’t. He do. And he’ll improve
      Second is his overall athletic ability. He plays the hardest position in baseball with the least experience in learning how to. He makes up for that with great instinct. So,
      Third (a); he’ll either continue to learn the position, (concentration, footwork etc.) or
      Third (b); he’ll move to an easier position and learn that (third?)

      I agree. It is, as you say, “a good deal for both sides.”

      1. FFP

        (old computer. old handle)

        1. TWC

          Yo, FFP, we knew it was you. We can hear the non-rhoticity and broad A as your type.

    3. Cizzle

      Um, 22 year old 2 time all star who led the NL in hits last year?
      Even if we trade *sigh* him, this is a great contract to move. Everything about this is good for the Cubs. Let’s just hope with the new found money he doesn’t (allegedly) rape someone this offseason.

  3. Rizzofanclub

    I think it is both Curt, look around the league and think to yourself how many ss are better then Castro right now (at 22 yrs old)? Not a lot. So even if he just stays the same (I think he will grow stronger and hit some more hr’s) for 8 million a year for a player in his prime is a great deal.

    1. ssckelley

      Great point, and the lack of a no trade clause still gives the team flexibility to move him if one of these middle infield prospects pans out.

  4. this old cub 2

    Hinshaw??? Bring back Scotty Maine!

  5. Scotti

    FWIW, this type of contract almost never has a NTC in it (if ever). The player has little leverage and the player has also not had time to build a life such that he would really value a NTC like a veteran. Just a few years ago Castro was living in a new city per season, if not two new cities, and moving around in the off-season as well. Players who sign these may have a family but, really, never children in school.

  6. Starlin Castro Extension: Officially Official | Bleacher Nation | Chicago Cubs News, Rumors, and Commentary

    [...] officially agreed to a seven-year extension, which includes an option for the eighth year. Assuming the numbers reported early today are accurate (and we have no reason to believe they aren’t), this is a good [...]