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Zambrano deal for five years, $91.5 million in Chicago

8/18/2007 - MLB Carlos Zambrano Chicago Cubs + more

CHICAGO -- Carlos Zambrano's long wait paid off. The Chicago
Cubs' talented and emotional ace agreed Friday to a $91.5 million,
five-year contract extension that features a 2013 option that could
make the deal worth $110.75 million over six seasons.

Zambrano skipped a shot at free agency and its lucrative payday
to stay with the only club he's ever known.

"Not everything is about money, you know," Zambrano said. "I
know if I got to free agency there were a lot of things that would
come to me and offer me. I feel comfortable here. I feel good here
and my family feels good here."

The 26-year-old righty, a two-time All-Star, is 14-9 with a 3.86
ERA this season and 78-51 in his big league career. His deal's
$18.3 million average annual value is the highest for a pitcher
with a multiyear contract and No. 5 overall behind Roger Clemens
($28 million), Alex Rodriguez ($25.2 million), Manny Ramirez ($20
million) and Derek Jeter ($18.9 million).

Zambrano had hoped to have a new deal in place by Opening Day.
He extended that deadline but contract talks stalled after Tribune
Co., which owns the team, announced in April that it was selling
itself for $8.2 billion to Chicago real estate mogul Sam Zell. The
Cubs are expected to go on the auction block at the end of the
season.

"We were within earshot of this thing, completing a deal near
Opening Day. But due to the sale of the Tribune, it changed
everything," said Zambrano's agent, Barry Praver. "The one thing
that did remain constant was Carlos' burning desire to remain a
Cub."

Zambrano may have gotten more on the open market from a big
spender but he didn't fare poorly in his new deal with the Cubs.

He has a full no-trade clause and gets a $5 million signing
bonus. If he finishes first or second in Cy Young Award voting in
2011 or finishes in the top four in Cy Young balloting in 2012 and
is healthy at the end of the fifth year, he has the option for a
sixth year at $19.25 million.

He will make $15 million next season, $17.75 million in 2009,
$17,875,000 in each of the following two seasons and $18 million in
2012.

"It's not too often that one player can play his whole career
with one organization, and Carlos has a chance to do that," Cubs
manager Lou Piniella said.

"Carlos certainly can relax. There's a lot of security there.
But at the same time, he can concentrate now on helping us win a
division."

Praver said the no-trade clause was not something that was easy
for general manager Jim Hendry to give up during negotiations.

"It was huge and quite frankly we're not sitting here today if
we don't have that," Praver said.

Zambrano signed a $12.4 million, one0year deal just before a
scheduled arbitration hearing during spring training.

"My strong belief is that we couldn't have replaced Carlos,"
Hendry said. "I didn't have an appetite to be on the free agent
pitching market all winter. There was nobody close to his ability
available."

The Cubs went on a $300 million spending spree in the offseason,
including a $136 million, eight-year contract for free agent
outfielder Alfonso Soriano.

Hendry said Zambrano stayed patient even as his wait for a new
deal dragged out because of the uncertain future of the team and
ownership. Hendry has known Zambrano since he was 16 years old.

"I'm sure there were frustrations and I think he understands I
was telling him the truth why it couldn't be done," Hendry said.

"It would have been a lot easier for him to say, 'Well you know
what, I'll give you a good shot in November, but I'm going to go
out and see what's out there.' It's a good ending to something we
wished we could have finished in March, but circumstances that even
the company couldn't control obviously were involved. And it was
nobody's fault."

Zambrano hasn't looked like the Cubs' ace in his previous three
starts, failing each time to earn his 15th victory.

He left an outing against the New York Mets in the sixth inning
with heat-related cramping and was driven out by Houston in his
next start after giving up seven runs in 5 1/3 innings.

On Tuesday night, he allowed 13 hits and six runs in seven
innings with two walks and no strikeouts against the Cincinnati
Reds.

The sides were close to a deal before that game but couldn't
finalize it and Hendry said Zambrano's performance that night was
affected by the contract situation.

Zambrano couldn't say for sure if that was bothering him -- there
was also speculation that he pitched poorly because his shoulder
was hurting but that has been dashed. And now he will pitch Sunday
against the Cardinals, knowing he will be with the Cubs through at
least 2012.

"Now I have a fresh mind," he said.

He's had an eventful season, getting into a fight with catcher
Michael Barrett and breaking a bat over his knee. Against the Reds,
he got so angry after grounding out, he slammed his helmet to the
ground and it bounced all the way into right field.

His familiar antics on the mound include pumping his fist after
getting an out. In one game, he did a complete spin in front of the
mound.

Now he should be jumping up and down over one of the biggest
contracts ever given a pitcher, even if he did have to wait a
while.

Zambrano, who was born in Venezuela, was selected by the Cubs as
a non-drafted free agent in 1997. Now he's set for life.