First baseman Anthony Rizzo and the Chicago Cubs agreed on Monday to a seven-year, $41 million contract that could reach up to $68 million over nine seasons.
Rizzo receives a $2 million signing bonus, and his salary for this year gets bumped up to $750,000. He will earn $1.25 million next year, $5 million in both 2015 and 2016, $7 million in both 2017 and 2018 and $11 million in 2019, according to the Associated Press.
If Rizzo wins the NL MVP or finishes in the top-five in voting at least twice during the span of his contract, his 2019 salary increases to $12 million, and the 2020 team's option for him increases from $14.5 million to $16.5 million.
His perks also include a hotel suite for every road game.
Chicago sees Rizzo as a central component to building a pennant-chasing team. Despite getting off to a slow start this season, his play of late encouraged the Cubs to lock him down long term. Rizzo is batting .280 with a .352 on-base percentage, as well as nine home runs and 28 RBIs.
News of Rizzo's signing comes one day after a come-from-behind victory on Sunday against the Washington Nationals.
The Boston Red Sox originally drafted Rizzo out of high school in the sixth round of the 2007 amateur draft. He played in 21 minor league games in 2008 after being diagnosed with Hodgkins lymphoma and returned the following year.
Boston traded him to San Diego in 2010, and eventually the Cubs acquired him in 2012 after a trade with San Diego.
Rizzo, 23, has 85 RBIs and 25 home runs in his three major league seasons.
