Cubs sign first baseman Anthony Rizzo to seven-year extension

The Chicago Cubs and first baseman Anthony Rizzo have agreed to terms on a seven-year contract extension, according to multiple reports. The extension is reportedly worth $41 million with two club options that could be worth an additional $29 million. Rizzo's extension will run through the 2019 season.

Rizzo started 2013 off slowly by batting just .222 in April despite hitting eight home runs in the month. Rizzo has since raised his average to .288 and has driven in 28 runs this season.

Rizzo, who will earn $498,000 this season, will see an immediate salary increase in 2013 and will cover his four years of arbitration. Rizzo will turn 24 on August 8. The Cubs acquired Rizzo from the San Diego Padres for right-handed pitcher Andrew Cashner and Minor League outfielder Kyung-Min Na.

There is reportedly no no-trade clause in Rizzo's contract extension.

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