Dustin Bradford/Getty Images

Report: Cardinals to sign Carlos Martinez to a five-year, $51 million contract extension

19 Comments

Jon Heyman of FanRag Sports reports that the Cardinals and pitcher Carlos Martinez are nearing an agreement on a five-year, $51 million contract extension. An announcement is expected on Thursday.

Martinez, 25, is arbitration-eligible for the first time. He requested $4.25 million while the Cardinals countered at $3.9 million. The extension, of course, will help both sides avoid an arbitration hearing. According to Heyman, the $51 million contract will set a record for a player in his first year of arbitration eligibility.

Martinez has been nothing if not consistent, posting a 3.01 ERA in 2015 and a 3.04 ERA last season. He also went 16-9 with a 174/70 K/BB ratio over 195 1/3 innings. Among qualified starters, only Noah Syndergaard (97.9 MPH) and Yordano Ventura (96.1 MPH) had a higher average fastball velocity than Martinez’s 95.6 MPH.

Twins will not pick up Glen Perkins’ 2018 option

Stephen Dunn/Getty Images
Leave a comment

The Twins have informed reliever Glen Perkins they will not pick up his 2018 club option worth $6.5 million, MLB.com’s Rhett Bollinger reports. Instead, he will be paid $700,000 per his buyout clause.

Perkins, 34, has pitched a total of 7 2/3 innings over the last two seasons due to shoulder and biceps injuries. Bollinger adds that the two could come to terms on a minor league deal, but if they can’t reach an agreement, the lefty is likely to retire.

From 2011-15, Perkins emerged as one of the better relievers in baseball, making three All-Star teams. He compiled an aggregate 2.84 ERA with 340 strikeouts and 73 walks across 313 1/3 innings.