The Cubs agreed to a three-year extension with closer Carlos Marmol, avoiding arbitration, the team announced. Marmol's deal is worth $20MM over three years, according to Gordon Wittenmyer of the Chicago Sun-Times (on Twitter). Marmol will earn $3.2MM in 2011, $7MM in 2012 and $9.8MM in 2013, according to MLB.com's Carrie Muskat (on Twitter).
The 28-year-old right-hander struck out a career-high 16 batters per nine innings last year, saving 38 games and posting a 2.55 ERA. He walked lots of batters (6.0 BB/9) as usual and was exceptionally difficult to hit (4.6 H/9). Marmol's new deal keeps him in Chicago through his age-30 season.
The contract buys out Marmol's two remaining seasons of arbitration eligibility and covers his first free agent season. Agent Barry Praver represents Marmol, who earned $2.125MM last year.
As MLBTR's Arb Tracker shows, this is the second time this offseason the Cubs have agreed to an extension with an arbitration eligible pitcher. They signed Sean Marshall to a two-year deal last month. Only five arbitration eligible players remain unsigned for 2011: Jose Bautista, Kelly Johnson, Hunter Pence, Rickie Weeks and Delmon Young.
Ken Rosenthal of FOX Sports first reported the agreement.