Carlos Zambrano accepted the Chicago Cubs' offer of a one-year contract to the tune of $12.4 million on Tuesday - almost double what he made in 2006 - avoiding salary arbitration just before their scheduled hearing.
Big Z earned $6.5 million last season while going 16-7 with a 3.41 ERA and 210 strikeouts. He asked for $15.5 million in arbitration, while the Cubs offered $11,025,000 - more than any player had been awarded thus far.
Finally, the two sides can focus on working out a multi-year deal, possibly somewhere in the five-year range.
No Cubs player has gone to arbitration since Mark Grace (whoa!) in 1993.
Source: Chicago Cubs