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Cubs decline Jeff Samardzija option

Updated: October 31, 2011, 8:16 PM ET
By Bruce Levine | ESPNChicago.com

The Chicago Cubs declined the $3 million option on right-hander Jeff Samardzija's 2012 contract.

Samardzija, who is not arbitration eligible, will remain with the team for at least four more years unless he's released or traded.

Under the terms of the collective bargaining agreement, Samardzija's salary can not be cut more than 20 percent from his 2011 salary.

The former Notre Dame All-American receiver signed a five-year, $10,250,000 deal after being drafted by the ...

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