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Cubs have given Rizzo a 7 year deal with two club options at the end of the deal. It buys out all of the arbitration years plus one year of free agency. The two club options mean that as many as three years of free agency could be taken care of at this point. Cubs follow the the trend around baseball of anyone showing any promise getting locked up before hitting free agency.
http://msn.foxsports.com/mlb/story/chicago-cubs-sign-anthony-rizzo-to-long-term-extension-jed-hoyer-theo-epstein-051213
http://msn.foxsports.com/mlb/story/chicago-cubs-sign-anthony-rizzo-to-long-term-extension-jed-hoyer-theo-epstein-051213