Report: Jake Arrieta, Cubs agree to one-year, $10.7 million contract
NL Cy Young winner and Chicago Cubs ace Jake Arrieta has agreed to a one-year deal with the team, the Associated Press reports.
The deal is reportedly worth $10.7 million, the highest one-year deal ever for a pitcher eligible for salary arbitration a second time. The deal concludes an arbitration process in which Arrieta asked for $13 million and the Cubs offered $7.5 million, eventually settling above the midway point of the two numbers.
Arrieta turns 30 next month and carried the Cubs throughout the season and into the NLCS last year. He posted a 22–6 record and 1.77 ERA, both career bests. His performance earned him a raise of more than $7 million.
Cubs president of baseball operations Theo Epstein said in January that he was confident the team and Arrieta would reach a deal before having to go to a hearing.
Arrieta leads a rotation that includes lefthander Jon Lester and free-agent addition John Lackey.