The Chicago Cubs have locked up their top baseball operations executive. The Cubs and team president of baseball operations Jed Hoyer have agreed to a multi-year contract, the team announced Monday. Hoyer's contract was set to expire after this season.

With the trade deadline looming, the Chicago Cubs have extended president of baseball operations Jed Hoyer amid one of the team's best seasons.

The announcement of Hoyer's contract extension provides extra stability in the final days before Major League Baseball's trading deadline. If any rival general managers believed he might need to be more aggressive in order to keep his job -- and demand more in deals as a result -- then that bargaining angle has been quashed.