A Breakdown Of Jason Heyward's Cubs' Contract

(CBS) The Cubs officially introduced newly signed outfielder Jason Heyward at a press conference in downtown Chicago on Tuesday, four days after the sides agreed to an eight-year deal worth a reported $184 million.

More details have also surfaced about the year-by-by-year specifics of Heyward's contract, all courtesy of CBS Sports MLB insider Jon Heyman.

Most notably, Heyward has two opt-out clauses that he can exercise if down the line he believes he's worth more than the Cubs are paying him at that point and wants to test the market again.

One comes after 2018. The other comes after 2019, though it's contingent on him reaching 550 plate appearances during that season, Heyman reported. Heyward also has a full no-trade clause from 2016-'18, plus limited protections in 2019 and 2020, Heyman reported. After that point, if he's still with the Cubs, he'd be a 10-and-5 player -- 10-plus seasons in MLB and five in a row with his current team -- which would give him the right to veto any trade.

Of the reported $184 million that Heyward signed for, $20 million comes in the form of a signing bonus that's considered deferred money, Heyman reported. Here's the year-by-year breakdown of Heyward's salary for the rest of the way, per Heyman.

2016: $15 million
2017: $21.5 million
2018: $21.5 million
2019: $20 million
2020: $21 million
2021: $21 million
2022: $22 million
2023: $22 million