Cubs Agree To Terms With Geovany Soto

The Cubs and catcher Geovany Soto have avoided arbitration, reaching an agreement on a one-year contract worth $3MM, according to Gordon Wittenmyer of the Chicago Sun-Times (Twitter link).  Soto, who turns 28 next week, is represented by WMG.

Soto was the NL's Rookie of the Year in 2008, and bounced back from a sophomore slump in 2009 with an impressive .280/.393/.497 line in 397 plate appearances last season, though he was plagued with a shoulder injury that eventually required arthroscopic surgery in September.  He earned $575K for that performance and obviously was in line for a big raise in his first year of arbitration eligibility.   MLBTR's Ben Nicholson-Smith looked at Soto as an extension candidate in September, but it appears as though Chicago wants to see if Soto can remain consistent before making a longer-term commitment to the catcher.

The Cubs have four remaining arb-eligible players — Matt Garza, Tom Gorzelanny, Carlos Marmol and Sean Marshall.  You can follow their cases plus those of every other arbitration-eligible player this winter on MLBTR's Arb Tracker.

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Geovany Soto: Extension Candidate

Geovany Soto is having a fantastic offensive season and, as Joe Mauer, Kurt Suzuki, Chris Iannetta and many others will tell you, catchers who can hit are sometimes offered extensions once they qualify for arbitration. Soto will head to arbitration for the first time this winter and barring a September slide, he'll be coming off a big season.

The 27-year-old ranks among the top five catchers in baseball when it comes to batting average, on base percentage and home runs. He has hit well before, but even when he won the NL Rookie of the Year in 2008 his batting line wasn't as high as it is now (.284/.399/.521).

The Cubs may prefer to go one year at a time with Soto, but they could opt for cost certainty and lock their catcher up. As the table below shows, both Soto's rate stats and his cumulative stats fall between the numbers Brian McCann and Chris Iannetta had going into their first arbitration season.

Soto
Both McCann and Iannetta signed extensions covering their arbitration years, so they are reasonable comparables for Soto. McCann ($15.5MM) earns more than Iannetta ($7.85MM) for his three seasons of arbitration eligibility and it seems likely that Soto will earn somewhere in between if the Cubs lock him up. McCann signed his deal early in his career, when he had less leverage, so it seems likely that Soto could command nearly as much for his three arbitration seasons as McCann got for his, especially given Soto's massive 2010 numbers. Perhaps the Cubs could buy Soto's 2011-13 seasons for $14MM or so.

Cubs Can Add Pieces At Deadline

They're not involved in the chase for Roy Halladay, but the Cubs could still add players before next week's trade deadline, according to Gordon Wittenmyer of the Chicago Sun-Times. The Cubs apparently have enough payroll flexibility to add a "mid-level" player and Wittenmyer suggests the team could pursue relievers such as George Sherrill and Chad Qualls. GM Jim Hendry said the Cubs can make moves "if something comes up," but didn't discuss specific needs.

The Cubs, who nearly acquired Chris Coste earlier in the month, could also pursue catching help if Geovany Soto's injury lingers longer than expected.
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