Zambrano Signs for $12.4M
Submitted by cubsnet on Tue, 2007-02-20 16:27.
UPDATE: It's for $12.4M, not the $12M originally stated, putting the amount closer to the middle, but still much closer to the Cubs' figure.
Carlos Zambrano and the Cubs reached an agreement on a $12M, one year contract just in time to avoid the arbitration hearing today. The $12M is easily on the Cubs' side of the dividing line between the two parties' submitted arbitration figures. That it is so much closer to the Cubs' figure would seem to indicate that a long-term contract is getting close to completion.
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Much better...
First off, "WHEW!" We got 'em locked up for this year... I had a strong feeling that arbitration was going to happen with "Big Z" as his $$$ amount was a bit on the crazy side (Thanks Mr. Zito!). Now, let's see if we can keep it to a five-year deal at $12.4, $15, $15.6, $16, and $16.5 with a team option for a sixth - and hey, Hendry... none of that out clause garbage!