August 20, 2012
The Stars are Re-Signed
Reportedly re-signed SS-R Starlin Castro to a seven-year contract extension worth $60 million with a club option worth $16 million for the 2020 season. [8/18]
After spending most of the season focusing on players from outside the organization, Jed Hoyer recently turned his attention inward. By pursuing and consummating a contract extension with the franchise’s best player, Hoyer has given Cubs fans a reason to celebrate. This just weeks after reports had the Cubs listening to offers for every player, Castro included. The problem with trading Castro is getting equal value. There aren’t many players, prospects or otherwise, with Castro’s upside and track record at the big-league level. Ostensibly, a reasonable offer never materialized and Hoyer did the next best thing to adding a few young, impact players: he re-signed his own to a sizable extension.
Extending a two-time All-Star requires capital more than intellect. The Cubs have always had the former. Don’t let Castro’s relatively down season fool you, however. Chicago did not receive a discount. Not when Castro’s deal is compared to the six-year, $50 million extension signed by Justin Upton in March 2010. The parallels between Castro and Upton extend beyond the average annual value. Both were 22 year olds teeming with Hall of Fame-caliber upside when they signed their deals.