The right-hander was among several top free agents who didn't get a deal for six or seven years in a changing offseason market. The Cubs reportedly reached out to Arrieta before signing Darvish to offer a deal in case Darvish rejected the Cubs' offer.
It was recently reported that Arrieta was close to signing with Philadelphia.
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The Philadelphia Phillies have an "agreement in principle" on a multi-year deal with free agent pitcher Jake Arrieta, according to NBC Sports Philadelphia. In that event, Arrieta would earn $20 million per season for those two years, with incentives that could drive it up to $25 million per season.
After months of wondering whether it would happen, Arrieta officially agreed to a three-year, $75 million deal with the Phillies to bring expectations for Gabe Kapler's team to a whole new level heading into the 2018 season.
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It remains to be seen if Arrieta will be ready in time to join the Phillies rotation to start the season.
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He turned 32 years old last week. Since Arrieta turned down a qualifying offer with Chicago, the Phils will need to surrender their second best draft pick if they want to sign Arrieta, as well as $500,000 from their worldwide signing bonus stockpile. The Phillies have long made it clear that length of deal is more of a concern with them than money. In his impressive Cy Young Award-winning year in 2015, he was 22-6 with a sparkling 1.77 ERA.