Cardinals ink Adam Wainwright to five-year, $97.5 million deal

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FOX Sports’ Ken Rosenthal reports that the Cardinals have signed Adam Wainwright to a five-year contract extension worth $97.5 million. That’s an average annual salary of $19.5 million, which isn’t bad value for a guy who has been an ace in the past and is likely to be an ace again moving forward.

Wainwright was scheduled to become a free agent after the 2013 season. Now he’ll be property of the Cardinals through at least the 2018 campaign.

The 31-year-old right-hander posted a 3.94 ERA, 1.25 WHIP and 184/52 K/BB ratio across 198 2/3 innings in 2012 after recovering successfully from Tommy John reconstructive elbow surgery surgery. He owns a 3.15 career ERA and a 1.21 career WHIP.

“Waino” has registered a 3.00 ERA and 18/6 K/BB ratio in 27 Grapefruit League innings this spring.

Giancarlo Stanton will defend his Home Run Derby title

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The Marlins announced on Sunday that outfielder Giancarlo Stanton will defend his Home Run Derby title when the city of Miami host’s the All-Star Game festivities next month.

Stanton, 27, defeated Todd Frazier in the finals of last year’s Home Run Derby at Petco Park, hitting 20 home runs to Frazier’s 13. Stanton hit a total of 61 home runs in the Derby. This will be the third Home Run Derby in which Stanton has participated.

Stanton also went 1-for-3 with a solo home run to help the Marlins defeat the Cubs 4-2 on Sunday. He’s now batting .274/.357/.551 with 20 home runs and 49 RBI in 311 plate appearances.

Aaron Hicks to go on the disabled list with an oblique injury

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Yankees outfielder Aaron Hicks left Sunday’s game against the Rangers after four innings due to soreness in his right oblique. After the game, Hicks said he expects to go on the 10-day disabled list and miss the next three to four weeks, MLB.com’s Bryan Hoch reports.

Hicks was 1-for-2 with a single before departing on Sunday. He entered the game batting .288/.397/.515 with 10 home runs and 37 RBI in 198 plate appearances. It is by far the best season of his career.

Jacoby Ellsbury is on his way back from a concussion, so the Yankees will only have to bridge the gap in center field for a week or two. Mason Williams could draw some starts in center field in the meantime.