Beauty-Ecke » expected to make the two-time American League Manager of the

Chicago, IL (SportsNetwork.com) - The Chicago Cubs have finalized an agreement to make Joe Maddon their next manager, with the former Tampa Bay Rays skipper to be formally introduced in a press conference scheduled for 3 p.m. ET on Monday. Maddon agreed to a five-year contract in which financial terms were not disclosed, though the deal is expected to make the two-time American League Manager of the Year among the highest paid at his position. The Cubs moved quickly to obtain Maddons services after he opted out of his contract with the Rays on Oct. 24, shortly after Tampa Bay general manager Andrew Friedman left the organization to become the president of baseball operations for the Los Angeles Dodgers. Maddon, who guided the small-market Rays to four playoff appearances and the 2008 AL pennant over the past seven seasons, joins a long-suffering Cubs franchise that has endured five consecutive losing campaigns but appears to have a very promising future. Chicagos present farm system is ranked among baseballs strongest and the Cubs are expected to be significant players in free agency this offseason, something Maddon never experienced during his successful nine-year run with the low-budget Rays. Those factors, coupled with Friedmans departure and the presence of Cubs president of baseball operations Theo Epstein -- who nearly hired Maddon as the Red Sox manager in 2004 while then Bostons GM -- likely played a role in Maddons decision. The 60-year-old takes over a Cubs team that showed improvement in Rick Renterias lone season as manager, with Chicago posting a 73-89 record in 2014 after winning 66 and 61 games the previous two years. Despite those strides, Epstein informed Renteria last week of his intention to pursue Maddon and make a switch. Renteria was offered another position within the organization but predictably declined. Even though they annually operated with one of the lowest payrolls in the majors, the Rays were a consistent contender for much of Maddons reign. Lauded for his ability to work with young players and to maximize the available talent on hand, the charismatic manager guided Tampa to six consecutive winning seasons that began with the unexpected 2008 World Series run. The Rays, who had never won over 70 games in their first 10 seasons prior to that 2008 breakthrough, also reached the playoffs in 2010, 2011 and 2013. Maddon amassed a 754-705 overall record in Tampa Bay, easily the most of any manager in club history. Lanny McDonald Jersey . -- Kansas City Royals first baseman Eric Hosmer will be out three to six weeks with a stress fracture of the third finger of his right hand. 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