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 Chicago Cubs announced Monday that they have agreed to a multi-year contract extension with President of Baseball Operations Jed Hoyer. Hoyer's contract was up after the 2025 season, and his status had been in limbo. Terms of the deal that secured the extension have not been disclosed.

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.