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.
 

Athletics release Santiago Casilla

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Susan Slusser of the San Francisco Chronicle reports that the Athletics have released reliever Santiago Casilla. The club had designated him for assignment on Saturday.

Casilla, 37, posted a 3.16 ERA with 22 strikeouts and 20 walks in 31 1/3 innings of relief for the A’s in the first half. The ERA is certainly not bad, but the strikeout and walk rates are subpar and point to a pitcher who won’t be successful going forward without changing. Additionally, Casilla’s fastball velocity, at 92.9 MPH on average, is the lowest of his career.

Casilla is owed the remainder of his $5.5 million salary for the 2018 season. If he should sign elsewhere, the A’s would be on the hook for the remainder minus the prorated major league minimum salary.