UPDATE: Rosenthal reports that the two sides are closing in on a five-year deal in the $70-75 million range.
Molina would make $14-15 million per season if Rosenthal is correct, which would give him the second-highest AAV (average annual value) for a catcher ever behind Joe Mauer’s current eight-year, $184 million contract ($23 million).
As Rosenthal notes, only six catchers have ever signed long-term deals which averaged more than $10 million per season: Mauer, Mike Piazza, Jason Kendall, Jorge Posada, Ivan Rodriguez and Jason Varitek.
5:44 PM: Last week the Cardinals and Yadier Molina were said to be making good progress on a long-term contract extension and now Joe Strauss of the St. Louis Post Dispatch reports that “terms are all but finalized.”
According to Strauss an agreement is expected to be in place by Friday and “both sides are very optimistic.”
Molina is currently slated to be a free agent next offseason, finishing up a five-year, $21.75 million deal that has proven to be a bargain for the Cardinals. Most speculation about his new deal has guessed 4-5 seasons at $10-12 million per year, which would be one of the five largest contracts ever for a catcher.