And it's a bargin.
Derrek Lee has agreed to a new five-year, $65 million deal with the Chicago Cubs, ESPN The Magazine's Buster Olney reported Monday.
The deal, which includes a complete no-trade clause, is expected to be announced at a Tuesday morning press conference in the Wrigley Field Interview Room.
The Cubs threw out the last remaining year of Lee's contract, which was worth $9.42 million for 2006, meaning the new deal will take effect this season.
Lee, last season's National League batting champion, hit 46 home runs and had 107 RBI in 158 games for the Cubs last season.
The first baseman also stole 15 bases in 18 attempts and scored 120 runs.