Chicago Cubs chairman Tom Ricketts says the team's performance convinced him extending president of baseball operations Jed Hoyer's contract was the right thing to do.

CHICAGO — The Chicago Cubs’ targeted, incremental moves around the trade deadline did not leave chairman Tom Ricketts disappointed. Roughly 74 hours before Thursday’s 5 p.m. CT deadline, the Cubs announced a contract extension for president of baseball operations Jed Hoyer, whose group has built one of the National League’s best teams.