Cubs closer Dempster gets three-year, $15.5M extension
Oct. 1, 2005
CBS SportsLine.com wire reports

HOUSTON -- Chicago Cubs closer Ryan Dempster agreed Saturday to a $15.5 million, three-year contract extension through the 2008 season.

Going into Saturday's game in Houston, Dempster had 33 saves in 35 chances and was 4-0 with a 1.85 ERA in 57 relief appearances. He had converted 19 straight save opportunities, tying a team record during a single season, and his 21 1/3 consecutive scoreless innings were the longest streak by a Cubs reliever since 1989.

"Obviously, it's been one of those things that you're really happy about," Dempster said. "It shows a lot of respect for me and I have a lot of respect for the way they've handled me. I'm glad to be here for three more years. Hopefully, I can help them reach their goals and get to the World Series."


I was very impressed with how Dempster embraced the role of closer this year, but to give him 15.5 million over 3 years? I'm not so sure that was a wise move. That's quite a bit of money for someone who has had arm troubles and only one year of closing. I guess he is our man for the near future though and if he pitches like last year, this will work out.