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Tommy John surgery could cost Adam Wainwright $21 million

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Adam Wainwright is seeking a second opinion on his injured elbow before making a decision about Tommy John surgery, but just about everything suggests he’ll eventually go under the knife and be sidelined for 12-18 months.

Even a speedy recovery from the surgery would have Wainwright on the disabled list when this season ends and that could lead to the Cardinals declining his options for 2012 and 2013 thanks to a twist in the contract he signed in March of 2008.

By finishing among the top five in last season’s Cy Young balloting Wainwright triggered a $9 million option for 2012 and $12 million option for 2013. Those are bargain rates for a healthy No. 1 starter, but because the contract includes a clause that allows the Cardinals to void the two years if he finishes 2011 on the DL with any sort of arm injury Wainwright could be out $21 million (after making $6.5 million without throwing an inning this season).

That would make Wainwright a free agent after this season and likely put him in position to accept an incentive-laden contract like, say, Brandon Webb has been forced to do in his recovery from shoulder problems. However, as Joe Strauss of the St. Louis Post Dispatch writes, the Cardinals may instead try to work out a new multi-year deal with Wainwright that lessens their upfront commitment while still keeping him in St. Louis long term.

Or they could choose not to void the two option years and simply pay $21 million for 2012 and 2013 in the hopes that Wainwright will come back healthy and give them one or one-and-a-half good seasons for that money, but with the team presumably trying to pinch pennies in order to re-sign Albert Pujols to a monster deal that seems unlikely.

Yankees sign Matt Holliday to a one-year, $13 million deal

ST. LOUIS, MO - JULY 20: Matt Holliday #7 of the St. Louis Cardinal hits a solo home run during the second inning against the San Diego Padres of game one of a doubleheader at Busch Stadium on July 20, 2016 in St. Louis, Missouri. (Photo by Scott Kane/Getty Images)
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Update (6:52 PM EST): The deal is expected to be one year for $13 million, per Jon Heyman of FanRag Sports. Ken Rosenthal of FOX Sports confirms the report.

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The Yankees are close to signing veteran free agent Matt Holliday, WFAN’s Sweeny Murti reports.

Holliday, who turns 37 years old next month, was limited to 110 games in 2016 with the Cardinals due to a fractured left thumb suffered in the second half. He finished the season hitting .246/.322/.461 with 20 home runs and 62 RBI in 426 plate appearances.

Holliday is likely looking at spending the majority of his time in the DH role. Alex Rodriguez, Carlos Beltran, and Brian McCann handled the DH role for a majority of the time last season but all three have moved on — Rodriguez was released in the second half, Beltran just signed with the Astros, and McCann was traded to the Astros last month.

Bud Selig and John Schuerholz elected to the Hall of Fame

Bud Selig
AP Photo/Stephen Brashear
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Update (6:20 PM EST): Former Braves president and Royals GM John Schuerholz was also inducted to the Hall of Fame along with Selig, David O’Brien of the Atlanta Journal-Constitution reports.

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Tom Haudricourt of the Milwaukee Journal-Sentinel reports that former commissioner Bud Selig has been elected to the Hall of Fame. Haudicourt adds that Selig was nervous about the vote and didn’t want to talk about it in fear of jinxing it.

Selig’s induction will be controversial, for reasons Craig laid out in his preview on Friday. His induction was also not surprising in the least because he’s on the Hall of Fame board. A commissioner being inducted is standard fare, or as Craig put it, “a gold watch.”

Other inductees joining Selig should be announced shortly.

How about putting Marvin Miller in the Hall of Fame?