Matt Holliday signs seven-year deal with Cardinals

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Thumbnail image for holliday_090827.jpgYes, this Hot Stove drama is over. Jon Heyman of SI.com broke the news just under an hour ago, as Matt Holliday has agreed to a seven-year, $120 million contract with St. Louis. Holliday will receive $17 million per season, according to Matthew Leach of MLB.com, and a no-trade clause.

Holliday appeared on ESPN Radio just a short time ago confirming the signing, saying that it’s actually for $119 million, but there is some language that could push it to $120 million. But hey, what’s a million between friends? Either way, it’s the biggest contract in club history.

“I felt like it was a good fit for me an my family,” Holliday said on
the Doug Gottlieb show on ESPN. “I’m going back to the Cardinals. It
was very appealing to me. This has been a bit of a long process. There
are some emotional ups and downs that go with it. It hasn’t exactly
been a walk in the park.”

It’s not quite Mark Teixeira-money, but Scott Boras got his client over the $100 million threshold and then some. Likewise, it’s an important statement by the Cardinals organization,  as they attempt to keep Albert Pujols in the fold after his current contract expires at the end of the 2011 season.

Some will wonder what other legitimate offers Boras actually had on the table for his client since the Mets clearly preferred Jason Bay all along, but in the end both sides needed each other too much for this not to happen.
 

Rockies acquire Zac Rosscup from Cubs

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The Rockies announced a minor swap of relief pitchers on Monday evening. The Cubs sent lefty Zac Rosscup to the Rockies in exchange for right-hander Matt Carasiti.

Rosscup, 29, was designated for assignment by the Cubs last Thursday. He spent only two-thirds of an inning in the majors this year and has a 5.32 career ERA across 47 1/3 innings. Rosscup has spent most of the season with Triple-A Iowa, posting a 2.60 ERA in 27 2/3 innings.

Carasiti, 25, spent 15 2/3 innings in the majors last year, putting up an ugly 9.19 ERA. With Triple-A Albuquerque this season, he compiled a 2.37 ERA and a 43/13 K/BB ratio in 30 1/3 innings.

U.S. Court of Appeals affirms ruling that the minor leagues are exempt from federal antitrust law

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The Associated Press reported that on Monday, the U.S. Court of Appeals for the 9th Circuit affirmed a district court ruling which holds that the minor leagues are exempt from federal antitrust law, just like the major leagues.

In 2015, four minor leaguers sued Major League Baseball, alleging that MLB violated antitrust laws with its hiring and employment policies. They accused MLB of “restrain[ing] horizontal competition between and among” franchises and “artificially and illegally depressing” the salaries of minor league players.

The U.S. Court of Appeals said the players failed to state an antitrust claim, as the Curt Flood Act of 1998 exempted Minor League Baseball explicitly from antitrust laws.

This case is separate from the Aaron Senne case in which Major League Baseball is accused of violating the Fair Labor Standards Act. That case was recertified as a class action lawsuit in March. In December, Major League Baseball established a political action committee (PAC), which came months after two members of Congress sought to change language in the FLSA so that minor league players could continue to be paid substandard wages.