Kyle Hendricks Signs 4-Year Contract Extension with Chicago Cubs
Details of the Contract
Chicago Cubs starter Kyle Hendricks has agreed to a four-year contract extension with a vesting option for 2024. The deal will pay him a total of $55,500,000, with $55,500,000 guaranteed and an average annual salary of $13,875,000.
Financial Implications
Hendricks' previous base salary was $14,000,000. After luxury tax deductions, estimates suggest that he will earn $13,875,000 in 2023 under the new contract.
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