The uncertainty surrounding president of baseball operations Jed Hoyer’s future with the Chicago Cubs has been eliminated. Hoyer and the Cubs agreed to a multiyear contract extension Monday, the team announced.

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.