The Chicago Cubs and reliever Pedro Strop reached an agreement Friday on a one-year extension for 2018 with a club option.
Strop, who avoided an arbitration hearing by agreeing to a $5.5 million deal two weeks ago, will earn $5.85 million in 2018 with a $6.25 million option for 2019.
Strop will receive a $500,000 buyout if the Cubs don't pick up the option.
The deal gives the Cubs bullpen security, with Wade Davis and Koji Uehara on one-year deals and destined for free agency after this season.
Caption Anthony Rizzo takes infield practiceCubs first baseman Anthony Rizzo practices fielding during spring training on Feb. 23, 2017, in Mesa, Ariz. (Mark Gonzales/Chicago Tribune)
Cubs first baseman Anthony Rizzo practices fielding during spring training on Feb. 23, 2017, in Mesa, Ariz. (Mark Gonzales/Chicago Tribune)
Caption Anthony Rizzo takes infield practiceCubs first baseman Anthony Rizzo practices fielding during spring training on Feb. 23, 2017, in Mesa, Ariz. (Mark Gonzales/Chicago Tribune)
Cubs first baseman Anthony Rizzo practices fielding during spring training on Feb. 23, 2017, in Mesa, Ariz. (Mark Gonzales/Chicago Tribune)
Caption Cubs, fans prepare for Friday's rally at Sloan ParkCubs fans line up on on Thursday, Feb. 23, 2017, as the organization prepares for a rally at Sloan Park on Friday to celebrate the team's 2016 World Series title. (Mark Gonzales/Chicago Tribune)
Cubs fans line up on on Thursday, Feb. 23, 2017, as the organization prepares for a rally at Sloan Park on Friday to celebrate the team's 2016 World Series title. (Mark Gonzales/Chicago Tribune)
Caption Tour of the Cubs' spring training home at Sloan ParkThe Tribune's Mark Gonzales takes you on a tour of the Cubs' spring training facilities in Mesa, Ariz.
sahabetThe Tribune's Mark Gonzales takes you on a tour of the Cubs' spring training facilities in Mesa, Ariz.
Caption Jason Heyward takes batting practiceCubs outfielder Jason Heyward takes batting practice during spring training on Feb. 23, 2017, in Mesa, Ariz. (Mark Gonzales/Chicago Tribune)
Cubs outfielder Jason Heyward takes batting practice during spring training on Feb. 23, 2017, in Mesa, Ariz. (Mark Gonzales/Chicago Tribune)
Caption Joe Maddon on Albert Almora Jr., David RollinsCubs manager Joe Maddon discusses what outfielder Albert Almora Jr. and pitcher David Rollins bring to the table on Feb. 23, 2017, during spring training in Mesa, Ariz. (Mark Gonzales/Chicago Tribune)
Cubs manager Joe Maddon discusses what outfielder Albert Almora Jr. and pitcher David Rollins bring to the table on Feb. 23, 2017, during spring training in Mesa, Ariz. (Mark Gonzales/Chicago Tribune)
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