The Chicago Cubs have locked in president of baseball operations Jed Hoyer for the long term, agreeing to a multiyear contract extension.

Jed Hoyer and the Chicago Cubs agreed to a multiyear contract extension Monday, a team source told the Tribune.

With the Cubs holding one of the best records in baseball and Thursday’s 5 p.m. CT Trade Deadline looming – offering an opportunity to further bolster the roster – the team has invested to continue its longtime partnership with president of baseball operations Jed Hoyer.