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.

Report: Pirates sign Felipe Rivero to four-year contract extension

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Ken Rosenthal of The Athletic reports that the Pirates will sign reliever Felipe Rivero to a four-year contract extension that includes two club options. The total value of the deal is believed to be $22 million and each club option is worth $10 million.

Rivero, 26, did not come to an agreement with the Pirates to avoid arbitration in his first year of eligibility ahead of last Friday’s deadline. He requested a $2.9 million salary for the 2018 season while the Pirates countered at $2.4 million. This extension will cover all four years of Rivero’s arbitration eligibility and the two club options can cover his first two years of free agency as well.

Rivero was one of baseball’s best relievers last season, finishing with 21 saves, a 1.67 ERA, and an 88/20 K/BB ratio in 75 1/3 innings. The Pirates acquired him from the Nationals along with minor leaguer Taylor Hearn ahead of the 2016 non-waiver trade deadline in the Mark Melancon deal.

Presumably, Rivero’s extension was in the works before he knew anything about the Andrew McCutchen trade. He made a couple of tweets following this afternoon’s news. In one, he used only the “facepalm” emoji. The other was a .gif of The Office character Jim Halpert yelling, “What is going on?”