Report: Cubs renew contract talks with Jeff Samardzija

Turn on the baseball talk shows in Chicago, and you still hear nothing but poetry and praise for the Cubs' front office and its rebuilding plan. Many members of the media gush about the prospects the Cubs have in their system, especially third baseman Kris Bryant, who has been tearing up Double-A.

But here's the thing: Prospects are all fine and dandy, but don't you have to make progress at the major league level eventually? The Cubs have lost 90 or more games for three consecutive years, and they are on pace for another 93 losses this season. That's unacceptable for a big-market team -- at least it should be.

It's past time for the Cubs to open up the wallet and start spending to improve the major league team. The North Siders have only $31 million committed to their roster for the 2015 season (excluding arbitration raises). Given the ticket prices they charge, the Cubs should have plenty of cash on hand. And, there's not much question that money should be spent on pitching.

All these prospects we keep hearing about are position players: Bryant, Javier Baez, Jorge Soler, Albert Almora, Arismendy Alcantara, etc. Where are the pitching prospects? There aren't many worth talking about, and that's why I think the Cubs should sign their best pitcher, Jeff Samardzija, to an extension. Reports on Monday indicated the team is trying to do just that.

To this point in the season, it's been assumed Samardzija would be traded to an AL East contender midseason. Previous contract talks have gone nowhere with the right-hander, whose 2.77 ERA ranks ninth in the National League. Despite a 2-6 record, Samardzjia's other numbers are good: 82 strikeouts in 91 innings and a 1.18 WHIP. I don't know that he's an ace on a contending team, but he's probably a No. 2 starter. He's a solid, reliable pitcher who would be an asset to any organization.

Knowing that, why don't the Cubs just keep him? Sure, he's going to command six years at over $100 million. That's a lot of dough, but it's the going rate. If Homer Bailey can get six years and $105 million, then so can Samardzija. And it isn't like any of the other free agent pitching options next offseason (Max Scherzer, Jon Lester, James Shields, Justin Masterson) are going to come any cheaper.

If you're gonna pay for pitching, why not pay the guy who has been with the organization all along? Samardzija will be 30 heading into next season, but his arm doesn't have the wear and tear of many pitchers his age. He was late to the party in terms of becoming a starting pitcher. He's thrown 649 innings in the majors during his career. By way of comparison, San Francisco right-hander Matt Cain (who is three and a half months older than Samardzija) has thrown 1,779.2 innings in the majors. Projecting a pitcher's future is always guesswork, but if I had to take a guess, I'd say Samardzija's got plenty of bullets left.

Let's say the Cubs do ante up and make Samardzija a lucrative offer in the coming weeks. It will be interesting to see if he accepts. I have the sneaking suspicion that Samardzija is tired of this rebuilding plan. By the Cubs' own admission, they are at least two years and maybe three years away from fielding a team that can compete. Samardzija is in the prime of his career right now. Does he want two or three more of his best years to go to waste languishing on a rebuilding club? The way he's pitched, it's absurd he has only two wins this season.

That leads me to my next point: If the Cubs want to attract big-name free agents, they need to start winning more games. Why did Masahiro Tanaka choose the Yankees over the Cubs? It wasn't because the Cubs didn't make a representative offer. It was because Tanaka wants to win, and the Yankees field a competitive team every season.

Sure, the Cubs could flip Samardzija to the Blue Jays, Red Sox, Orioles or Yankees and get three or four prospects, but then their team would become even worse than it already is. If the Cubs trade both Samardzija and pitcher Jason Hammel, they don't have many good options to plug into those two rotation spots. They might be charting a course toward 95 or 100 losses.

Would Max Scherzer or Jon Lester want to come be a part of that? I don't think so. Who is going to take the Cubs' money, if not Samardzija? Members of the media might be swooning about Cubs prospects, but veteran players don't give a damn about Javier Baez's batting average in Triple-A. They want a chance to win, and they want it sooner rather than later.

I believe signing Samardzija for the long haul would bring the Cubs closer to a chance to win than flipping him for a package of ifs and maybes at the trade deadline.

Big contract for any pitcher is risky business

The contract Japanese pitcher Masahiro Tanaka is going to receive is already giving some people upset stomachs. The size of it might end up being more eye-popping than the $50-60 million contracts teams gave to Yu Darvish and Daisuke Matsuzaka. Keep in mind that was before the posting fee was capped at $20 million. The Red Sox and Rangers each coughed up posting fees in excess of $50 million, making the total investment for each pitcher more than $100 million.

It was a big deal when Kevin Brown
became the first $100 million pitcher
in baseball when he signed with the Dodgers.

That big of an investment rarely works out well if you're expecting the player to pitch well over the life of the whole contract. Here are the biggest contracts ever given to pitchers:

Felix Hernandez, Mariners, $175,000,000 (2013-19)
CC Sabathia, Yankees, $161,000,000 (2009-15)
Zack Greinke, Dodgers, $147,000,000 (2013-18)
Cole Hamels, Phillies, $144,000,000 (2013-18)
Johan Santana, Mets, $137,500,000 (2008-13)
Matt Cain, Giants, $127,500,000 (2012-17)
Barry Zito, Giants, $126,000,000 (2007-13)
CC Sabathia, Yankees, $122,000,000 (2012-16)
Mike Hampton, Rockies, $121,000,000 (2001-08)
Cliff Lee, Phillies, $120,000,000 (2011-15)
Yu Darvish, Rangers, $111.700,000 (2012-2017)*
Kevin Brown, Dodgers, $105,000,000 (1999-2005)
Daisuke Matsuzaka, Red Sox, $102,111,111 (2007-2012)*
Adam Wainwright, Cardinals, $97,500,000 (2014-18)
Carlos Zambrano, Cubs, $91,500,000 (2008-12)
-Source: Cot's Baseball Contracts
*posting fee included with salary

Obviously most of these contracts are newer as teams have been flush with cash and the pay for elite pitchers has gone up. Though maybe it's interesting is that five of the top six contracts ever given out to pitchers weren't signed by free agents, but were extensions for guys with a year or two left before hitting the market.

Of the contracts that have been completed, all of them looked like a disaster at some point. Hampton's looked like one almost as soon as the ink dried in the thin Colorado air. Zito's was almost as bad save for the fact he still soaked up a lot of innings for the Giants over the course of his seven-year deal.

Over the course of Zambrano's extension, he suffered a decrease in either his performance or ability to take the mound each and every year of his new contract. Matsuzaka and Santana each had a few good years at the front ends of their deals before ineffectiveness and/or injuries did them in.

The best contract of all of them in my opinion was Brown's. Baseball's first $100 million arm was good for more than 1,000 innings with a 3.23 ERA over seven years. Brown, who I think has an underrated Hall of Fame case, missed some time with injuries, but still pitched a lot of mostly good innings for his money, only completely losing it the final year when he was 40.

The jury is still out on the other contracts. Cain, Verlander, Hamels and Sabathia each just endured their worst season in years. Greinke was very good, but missed time after breaking a bone in a scuffle with Carlos Quentin. With Hernandez, Lee, Darvish and Wainwright, things are looking so-far-so-good, though only Lee's contract is even close to completion.

The results here seem pretty apparent. If you don't have to spend almost $100 million or more on a pitcher, then don't. The risk is still one that teams are willing to make, especially teams that are close to contention. Should they be?

Possibly. In a way, this is already how teams view the cost of dabbling in free agency. They're willing to get a good value on the front end of a contract in exchange for dead money at the end.

Looking at each of these contracts, none of them really stopped the team paying the checks from doing anything else. Zito didn't keep the Giants from winning two World Series titles. Lee and Hamels aren't the problem with the Phillies' payroll. Even Mike Hampton's contract was eventually carved up and served in digestible bites that teams other than the Rockies helped swallow.

Unless Tanaka pulls a Hampton-Zito, the team that wins the bidding for his services will be getting a good pitcher for at least a few years. So any team with the money might as well bid away.