Cubs, Rizzo agree to $41 million, 7-year deal

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CHICAGO (AP) — The Cubs have agreed to a $41 million, seven-year contract with slugging first baseman Anthony Rizzo that could be worth up to $68 million over nine seasons.

Rizzo gets a $2 million signing bonus under Monday's deal, of which $250,000 is payable within 30 days of the contract's approval by Major League Baseball and $1.75 million is payable next Jan. 15.

He receives a $750,000 salary this year, up from $498,000 under the agreement he reached in March. He then will earn $1.25 million next year, $5 million apiece in 2015 and 2016, $7 million each in 2017 and 2018 and $11 million in 2019.

Chicago has a $14.5 million option for 2020 with a $2 million buyout. If that is exercised, the Cubs will have a $14.5 million for 2021 with a $2 million buyout.

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