Cubs signed RHP Pedro Strop to a one-year, $5.85 million contract extension with a $6.25 million club option for 2019. Per FanRag's Jon Heyman, the deal is worth $6.35 million with the option being valued at $6.25 million, with the max value being a two-year, $11.85 million deal through 2019.
As a result of his newly inked pact, Strop will now receive $5.5 million in 2017 before encountering another $5.85 million in 2018.
Strop went 2-2 with a 2.85 ERA in 54 appearances a year ago, helping Chicago win the World Series for the first time since 1908. He has posted a 2.65 ERA with 212 strikeouts and 106 hits allowed in 176.1 innings since 2014. However, Strop began the 2013 campaign by posting a 7.25 ERA (18 ER/22.1 IP) in 29 outings and was traded to the Cubs with Arrieta and two global signing bonus slots for righthander Scott Feldman and catcher Steve Clevenger just before the All-Star Break. He owns a career 3.23 ERA and 6.5 WAR in eight major-league seasons with Texas (2009-11), Baltimore (2011-13) and Chicago (2013-16).
As it stands today, Strop now owns a career 3.23 ERA across 376 relief appearances and 339.2 innings of work in all.
It now appears that Strop and the city of Chicago will have plenty of time to continue to enjoy each other's company.