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Jon Lester | Starting Pitcher

Team: Chicago Cubs
Age / DOB:  (31) / 1/7/1984
Ht / Wt:  6'4' / 240
Bats / Throws: Left / Left
Contract: view contract details
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Cubs signed LHP Jon Lester to a six-year, $155 million contract.
The deal was agreed to earlier in the week, but it took a few days to iron out all of the specifics in the contract. The Cubs will hold a press conference on Monday afternoon to formally introduce their new ace. Sat, Dec 13, 2014 11:33:00 AM

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Jayson Stark of ESPN.com reports that Jon Lester's signing bonus with the Cubs is worth $30 million.

Wowza. The bonus will be paid out over the life of his six-year, $155 million contract. Jeff Passan of Yahoo Sports hears that $20 million will be paid up front while the remaining $10 million will be more spread out. The deal carries a full no-trade clause. The seventh year option is worth $25 million and carries a $10 million buyout. It will vest if he reaches 200 innings in 2020 or 400 total innings between 2019-20.
Wed, Dec 10, 2014 11:38:00 AM

ESPN's Buster Olney reports that Jon Lester's deal with the Cubs includes a signing bonus of at least $20 million.

Well, that probably made the decision a little bit easier. Nothing has been officially announced yet, but Lester has reportedly agreed to a six-year, $155 million contract with the Cubs. There's an option for a seventh year which could bring the max total to $170 million.
Wed, Dec 10, 2014 10:39:00 AM

Jon Lester is signing with the Cubs for six years and $155 million, FOXSports.com's Ken Rosenthal and Yahoo Sports' Jeff Passan are reporting.

According to Passan, the Red Sox offered $135 million for six years. It's certainly the right call for Lester; it's not like the Red Sox lacked the ability to match the Cubs offer and the Cubs' future is probably brighter anyway. He'll lead a rotation that also includes Jake Arrieta and Jason Hammel.
Wed, Dec 10, 2014 01:30:00 AM

Andy Martino of the New York Daily News was told by major league sources that the Cubs are in "strong position" to land Jon Lester.

Martino cautions that the Cubs haven't been told they're getting Lester yet and the Red Sox have "remained in the mix." However, he also notes that the industry has considered the Cubs the front-runners "all along" and "that feeling intensified" late Tuesday night. The expectation has been that Lester's decision will be revealed Tuesday, but Martino says it might not come until Wednesday.
Tue, Dec 9, 2014 11:08:00 PM

Chris Cotillo of MLBDailyDish.com reports that the "industry expectation" is that Jon Lester's contract will fall in the $155-160 million range.

We've seen $150 million as a nice round number thrown out there, so it's not a surprise that a team would fork over a bit more to push themselves over the top. Lester has eliminated the Giants and Dodgers and is expected to decide soon whether to sign with the Cubs or Red Sox.
Tue, Dec 9, 2014 10:22:00 PM

Dylan Hernandez of the Los Angeles Times reports that the Dodgers are out of the bidding for Jon Lester.

Lester had already eliminated the Giants and now he's officially crossed the Dodgers off his list. As many figured all along, the left-hander will wind up signing with either the Red Sox or Cubs. A decision could be revealed at some point Tuesday night.
Tue, Dec 9, 2014 10:07:00 PM

Giants assistant general manager Bobby Evans told Eno Sarris of Fangraphs.com that Jon Lester will not be signing with his club.

"We did not receive a rose," Evans said. It's not surprising after Evans indicated earlier Tuesday that the Giants were in the "back seat" as far as Lester goes. While the Dodgers haven't officially been ruled out for Lester at this point, it appears that this is going to come down to the Red Sox and Cubs. Lester could make a decision later Tuesday.
Tue, Dec 9, 2014 09:16:00 PM

ESPN's Buster Olney reports that Jon Lester's decision is "nearing the finish line."

Olney adds that Lester "soon will have final options to choose from" and it's "reasonable" to think a decision will come Tuesday night. It contradicts a report from Rob Bradford of WEEI.com, who said not long ago that Lester's agents are not at the stage to present their client with final offers. However, things can move quickly during the Winter Meetings, so there's no reason to doubt Olney's report. Lester is choosing between the Cubs, Red Sox, Giants and Dodgers, with the first two clubs looking like the favorites.
Tue, Dec 9, 2014 06:42:00 PM

Rob Bradford of WEEI.com reports that Jon Lester's agents are not at the stage to present their client with final offers from teams.

Most of the speculation was that a final resolution was expected to come down on Tuesday, but it's possible that won't be the case. FOX Sports' Ken Rosenthal reported early Tuesday morning that Lester has four offers on the table in the six-year, $150 million range and that one team could push it to seven years, $175 million. Giants assistant general manager Bobby Evans said Tuesday on SiriusXM that he believes his team is in the "back seat" for Lester and pegged the Cubs and Red Sox as the favorites. The Dodgers are also believed to be in the mix.
Source: WEEI.com
Tue, Dec 9, 2014 05:42:00 PM

Giants assistant general manager Bobby Evans said Tuesday on SiriusXM that he believes his club is in the "back seat" for free agent starter Jon Lester.

Evans suggested that the Cubs and Red Sox are both ahead of the Giants in the bidding. FOX Sports' Ken Rosenthal reported early Tuesday morning that Lester has four offers on the table in the six-year, $150 million range and that one team might even be willing to go all the way to seven years, $175 million. Lester is expected to make a final decision within the next 24 hours.
Tue, Dec 9, 2014 04:03:00 PM

According to FOX Sports' Ken Rosenthal, Jon Lester has four offers in the six-year, $150 million range.

And one team has indicated a willingness to push the final price tag up to seven years, $175 million. There was a report Monday that the 30-year-old left-hander was choosing between the Cubs and Giants, but that's clearly not the case. The Red Sox, Dodgers, and Yankees could all very well remain in the mix. Lester is expected to settle with a team by Wednesday, which should set off a wave of big free agent signings.
Source: FOX Sports
Tue, Dec 9, 2014 08:41:00 AM

Jon Heyman of CBS Sports reports that free agent Jon Lester has six- and seven-year offers in hand.

Heyman says "most expect" the deal to wind up in the $150 million-$175 million range, suggesting that $25 million per year is where it's at. The Cubs and Giants may be going that high, It seems clear that Lester would have to take less to go back to Boston.
Tue, Dec 9, 2014 02:55:00 AM

ESPN's Jerry Crasnick was told by a front office person Monday to "don't count out the Yankees" in a pursuit of Jon Lester.

A scout told Crasnick something similar. This just sounds like off-the-cuff Winter Meetings talk, so we wouldn't take it seriously just yet. However, it's worth noting that the Yankees have come in late to sign big free agents before and they could use rotation help. FOX Sports' Ken Rosenthal reported earlier Monday that Lester is likely to sign with either the Cubs or Giants.
Mon, Dec 8, 2014 07:18:00 PM

According to FOX Sports' Ken Rosenthal, free agent Jon Lester is choosing between the Cubs and Giants.

The Red Sox and Dodgers have apparently dropped out of the mix due the rising price tag, which is currently believed to be in the $140-150 million range. Though it's worth noting that Lester's agent is denying Boston is done. Lester is expected to make his final decision on Tuesday. The 30-year-old left-hander should create a domino effect for other major free agent signings once he settles on a team.
Mon, Dec 8, 2014 04:37:00 PM