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Cubs, Jake Arrieta Avoid Arbitration With $10.7 Million Deal

The big righthander is signed for 2016.

Caylor Arnold-USA TODAY Sports

Remember that arbitration hearing that was scheduled between Jake Arrieta and the Cubs for next Tuesday?

Cancel that appointment, and cancel sitting around waiting and watching Twitter, because the Cubs and Jake have a deal:

The midpoint of the Cubs' offer of $7.5 million and Arrieta's request for $13 million is $10.25 million, so the signing is slightly above that midpoint, and just about what market value ought to be, I'd think, for a pitcher of Arrieta's talent and in his second year of arbitration eligibility.

Right now, I'd think that many of us would like to see Jake locked up for a couple more seasons with perhaps an option year, but that's something that will have to wait until sometime during the season, or next offseason, when Jake will go into his final year of Cubs team control for 2017.

This seems like a fair settlement for both sides. I only wish the news hadn't broken at 11 p.m. on a Friday. But this way, it's around when you wake up on Saturday morning.