Cubs, team president Jed Hoyer agree to five-year extension

Chicago Cubs' Jed Hoyer. (Wilfredo Lee/AP)

The Chicago Cubs have agreed to a five-year extension with their new president of baseball operations Jed Hoyer, the club announced Monday.

Terms of the deal were not officially 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 Cubs executive chairman Tom Ricketts via a team release.

“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 joined the organization back in 2011 as executive vice president/general manager, and assumed his current role last week when Theo Epstein stepped down.

Prior to his stint in Chicago, Hoyer served as GM for the San Diego Padres.

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