Cubs sign Jed Hoyer to five-year contract

Jed Hoyer was named to replace Theo Epstein as Cubs President of Baseball Operations last week.

Monday, the team announced that he’d been signed to a five-year deal that would take him through the 2025 season, or about five years from now. Per team policy, the financial terms of the deal were not disclosed.

“Jed was a key baseball operations leader as we built a team that made the playoffs five of the last six years and won the World Series,” said Chicago Cubs Executive Chairman Tom Ricketts in a statement. “My family and I believe he is going to be an incredible baseball operations president, and Cubs fans have one of the best in the business leading the team to continue our commitment to sustained success.”

Hoyer, who turns 47 in about two weeks, has been with the Cubs since Theo brought him in as general manager. He previously served two years as GM for the San Diego Padres and also worked under Theo with the Red Sox from 2002-09. He also played college baseball at Wesleyan, where he helped guide his team to the Division III championship game in 1994 as a pitcher and shortstop.

The Cubs press release says of Hoyer:

Hoyer was involved in a leadership role in every aspect of the Cubs’ Baseball Operations department, helping the organization revamp its amateur and professional scouting departments while creating and expanding the research and development analytics group.

Let’s hope that leadership role continues and results in another World Series championship before the five years is up. He’s scheduled to have a news conference sometime later Monday.