Kyle Hendricks' Salary Increase
14 Million Base Salary
Chicago Cubs Pitcher Receives Pay Raise
According to estimates after luxury tax deductions, Kyle Hendricks, the Chicago Cubs starting pitcher, now earns $14 million as a base salary. This salary increase is a significant boost from his previous contract, which was worth $55.5 million guaranteed from 2020-2023, earning him $12 million per year.
The Cubs exercised Hendricks' $16 million option for 2024 on Sunday. This move reflects the team's faith in Hendricks' abilities and their commitment to keeping him on the roster. Hendricks has been a reliable pitcher for the Cubs, with a consistent performance and a strong ERA. He has been an integral part of the team's success in recent years, and his increased salary is a testament to his value.
Hendricks' salary increase is in line with the rising salaries of Major League Baseball players. The average MLB player salary has increased significantly in recent years, and top players like Hendricks can now command multi-million dollar contracts. Hendricks' new salary puts him among the highest-paid pitchers in the league, and it is a reflection of his status as one of the best pitchers in the game.
Comments