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Cubs Sign Zambrano to Mammoth Deal

Ace signs for 5 years, $91.5 M, becomes MLB's highest-paid pitcher

By Kevin Spak,  Newser Staff

Posted Aug 18, 2007 3:46 PM CDT

(Newser) – After months of negotiations, the Cubs finally signed Carlos Zambrano to a 5-year, $91.5-million extension yesterday, with a no-trade clause and a performance-based option for a sixth year. No pitcher will earn more per year than Zambrano’s $18.3 million average annual salary, but Zambrano says the decision is based less on money than his desire to stay in Chicago.

The Cubs’ ace, who will be just 32 when the deal ends, is winless in his last three starts, but did not have to undergo a physical to sign the fifth-largest deal in baseball history. Jim Hendry said he doubted he could replace Zambrano, saying he “had no desire to be on the free-agent market all winter,” the Tribune reports.

Chicago Cubs pitcher Carlos Zambrano points to the sky after striking out Cincinnati Reds' Adam Dunn in the first inning during their baseball game Sunday,  July 29, 2007 in Cincinnati. The Cubs won 6-0. (AP Photo/Tony Tribble)
Chicago Cubs pitcher Carlos Zambrano points to the sky after striking out Cincinnati Reds' Adam Dunn in the first inning during their baseball game Sunday, July 29, 2007 in Cincinnati. The Cubs won 6-0....   (Associated Press)
Chicago Cubs general manager Jim Hendry, left, and pitcher Carlos Zambrano shake hands after Hendry announced the Cubs have agreed to terms on a five-year contract extension worth 91.5 million with Zambrano during a news conference at Wrigley Field in Chicago, Friday, Aug. 17, 2007. (AP Photo/Charles Rex Arbogast)
Chicago Cubs general manager Jim Hendry, left, and pitcher Carlos Zambrano shake hands after Hendry announced the Cubs have agreed to terms on a five-year contract extension worth 91.5 million with Zambrano...   (Associated Press)
Chicago Cubs pitcher Carlos Zambrano throws against the Pittsburgh Pirates during baseball action in Pittsburgh, Sunday, July 8, 2007. (AP Photo/Gene J. Puskar)
Chicago Cubs pitcher Carlos Zambrano throws against the Pittsburgh Pirates during baseball action in Pittsburgh, Sunday, July 8, 2007. (AP Photo/Gene J. Puskar)   (Associated Press)
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