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 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.

Jed Hoyer is sticking around in Chicago. The Cubs reached a multi-year extension with their president of baseball operations on Monday afternoon, the team announced. Specifics of his new deal are not yet known, though his current contract with the Cubs was set to expire after this season.