Announcement

Collapse
No announcement yet.

Cubs Sign Jon Lester To 6 Years $155 Million

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Cubs Sign Jon Lester To 6 Years $155 Million

    Cubs with first domino signing.

    Free-agent left-hander Jon Lester has elected to sign with the Chicago Cubs, his agent, Seth Levinson, told ESPN's Jim Bowden.

    The deal is for six years and $155 million, a source confirmed to ESPNChicago.com's Jesse Rogers. It includes a vesting option for a seventh year that could bring Lester's total take to $170 million, sources confirmed to ESPN.

    Lester's decision was first reported by FoxSports.com.

    New manager Joe Maddon called Lester's choice the Cubs' "Plan A."

    "It's not often you get to win the lottery," he said. "We won the baseball lottery so far this year, but now it's up to us to put it into effect. It's all theory right now. We've got to make it real, but you need pieces like this to make it real."

    Maddon said he was eager to hear why Lester chose the Cubs.

    "He's been [to the World Series] before. He understands what it feels like. I want to believe that he could foresee the same thing happening here," Maddon said.

    The manager noted that he said in his opening news conference that he believed the Cubs were a playoff team, but added that he thought the Cubs could contend sooner with the addition of Lester.

    "Yeah. It definitely sends that message about how [Cubs president Theo Epstein] and the group feels about this particular group, but understand we have a lot of young players that have to grow up, and we have to do a good job of nurturing that and making it happen," Maddon said. "It's possible, but having Jon there definitely adds to the flavor and the believability."

    The 30-year-old left-hander went 6-4 with a 2.35 ERA for the Oakland Athletics this past season after he was acquired in a blockbuster trade-deadline deal with the Boston Red Sox in exchange for outfielder Yoenis Cespedes. Overall, he was 16-11 with a career-best 2.45 ERA in 2014.

    He was on the hill for the A's in the American League wild-card game against the Kansas City Royals, and left in the eighth inning with runners on first and second with one out and his team leading 7-4. The Royals eventually won the game 9-8 in 12 innings.

    He is noted for his performance in the postseason, in which he has a solid 6-4 record and 2.57 ERA in 14 appearances. He has been dominant in the World Series, where he is 3-0 with a 0.43 ERA in three starts, helping the Red Sox win two championships.

    Lester, who has a career mark of 116-67 with a 3.58 ERA in nine seasons, rejected a four-year, $70 million contract extension offer from the Red Sox in the spring. He was paid $13 million this past season.

  • #2
    Not to be a negative Nancy, but the Cubs thought they won the lottery with Alfonso Soriano. A lot of times these deals are best evaluated half way through. Let's see where they are in 2-3 years.
    Favorite baseball players include: Mike Schmidt, Steve Carlton, Kirby Puckett, Pete Rose, Tyler Colvin Mark Appel
    Favorite football players include: Peyton Manning, John Elway, Daunte Culpepper, Mike Alstott, Blake Bortles, and Dri Archer
    Collecting: 2012 Topps Mini 1987 topps... non-certified autos (in person or through the mail), autographed cards with bible verses

    Comment


    • #3
      Boo really wanted him to go back to the Sox.

      Comment


      • #4
        Jon Lester's $30 million signing bonus with Chicago Cubs sets MLB record - ESPN Chicago

        NEW YORK -- Jon Lester set Major League Baseball records for largest signing bonus and biggest upfront payment with his $155 million, six-year deal with the Chicago Cubs.

        The pitcher's contract calls for a $30 million signing bonus, of which $15 million is due by April 1, a person familiar with the agreement told The Associated Press on Sunday. The person spoke on condition of anonymity because those details have not been announced.

        The previous high for a signing bonus had been Vernon Wells' $25.5 million under a $126 million, seven-year deal with Toronto that covered 2008-14 and was announced in December 2006. Wells' bonus was payable in three equal installments on March 1 each year from 2008-10.

        Lester's upfront payment tops a mark set Dec. 8 by Cuban defector Yasmany Tomas. The Arizona Diamondbacks agreed to a $14 million signing bonus for the Cuban outfielder-third baseman, all payable within 30 days of the deal's approval by Major League Baseball.

        Tomas broke a record that had stood since January 1993, when Cecil Fielder agreed to a $36 million, five-year contract with Detroit that included an upfront signing bonus of $10,187,500.

        Chicago and Lester spread out the rest of the signing bonus in three stages, with $2.5 million payments due by Dec. 31 in 2018 and 2019, and a final $10 million installment by Sept. 15, 2020.

        Lester's contract was agreed to last Tuesday at the winter meetings by the Cubs and agents Sam and Seth Levinson. The Cubs said Saturday they will introduce Lester on Monday at Spiaggia Restaurant, a favorite of President Barack Obama and his family.

        Lester's deal includes an option for 2021 that, if it becomes guaranteed, would make the deal worth $170 million over seven seasons.

        A three-time All-Star who turns 31 next month, Lester helped Boston win World Series titles in 2007 and `13. He was dealt by the Red Sox to Oakland at the trade deadline in July and helped the Athletics reach the playoffs.

        Lester was 16-11 with a career-best 2.46 ERA and 220 strikeouts this year. He is 116-67 with a 3.58 ERA in nine big league seasons.

        Comment

        Working...
        X