Holliday to stay with Cardinals for $120 million

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Derrick Goold of the St. Louis Post Dispatch reports that Matt Holliday will return to the Cardinals on a seven-year, $120 million contract, a deal that Holliday later confirmed on ESPN Radio.
The contract becomes the fourth-largest ever given to an outfielder, behind Manny Ramirez’s eight-year, $160 million deal with Boston, Alfonso Soriano’s $136 million deal with the Cubs and Vernon Wells’ $126 million deal with the Blye Jays.

The Red Sox sign Jhonny Peralta

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The Red Sox have signed third baseman Jhonny Peralta to a minor-league deal. He’ll report to Pawtucket.

Peralta, 35, hit a paltry .204/.259/.204 in 58 plate appearances for the Cardinals this year. But with Pablo Sandoval on the disabled list — and ineffective when he hasn’t been — the Sox could use some infield depth.

This is the second former Tiger that former Tigers GM Dave Dombrowski has picked up today, after signing Doug Fister. No word if he’s kicking the tires on Andy Dirks or Brennan Boesch.

Royals Designate Chris Young for assignment

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The Kansas City Royals have designated Chris Young for assignment. The move clears a spot on the 40-man roster for the addition of Neftali Feliz, who the Royals picked up yesterday.

Young was an excellent swingman for the Royals World Series-winning 2015 team, but he’s been terrible since then, posting a 6.52 ERA since the beginning of 2016. This year he’s got a 7.50 ERA in 14 games, two of which came as a starter. He has a ghastly 2.033 WHIP. He’s not foolin’ anyone out there.