Kyle Hendricks Signs Four-Year, $55.5 Million Extension with Chicago Cubs
Breaking Down the Deal
The Chicago Cubs have locked up right-handed pitcher Kyle Hendricks with a four-year, $55.5 million contract extension. The deal includes an option for a fifth year worth $16 million. If the option is exercised, the total value of the contract rises to $71.5 million.
Salary Structure
Hendricks' salary will increase from $14.5 million in 2023 to $16 million in 2024. It will then remain at $16 million for the final two years of the contract. The vesting option for 2027 is tied to Hendricks making 160 starts over the next four years.
Importance of Hendricks
Hendricks is the only remaining player from the Cubs' 2016 World Series-winning team. He has been a consistent performer for the Cubs, posting an ERA below 4.00 in six of his eight seasons with the team. Hendricks' presence in the rotation provides the Cubs with a veteran leader and a reliable arm.
Long-Term Stability
This extension gives the Cubs long-term stability in their rotation. Hendricks will be under contract through at least the 2026 season, and potentially through 2027 if the option is exercised. This stability will help the Cubs plan for their future and compete for championships.
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