The Yadier Molina extension is a go: five years, $75 million

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They’ve been working on it for a while, but Heyman reports that they’re done working: the Cardinals and Yadier Molina have reached an agreement on a five year, $75 million contract extension.  Rosenthal first had the outline of the deal on Monday.

It’s the second biggest deal ever for a catcher behind Joe Mauer’s.  With Albert Pujols out the door, the Cardinals had no choice but to lock up Molina.  And given how hard it is to find even a good catcher, a great a defensive catcher and well above-average offensive catcher like Molina was going to cash in huge if he hit the market.

Miles Mikolas open to extension with Cardinals

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Though he has only accumulated just over two years of service time in the major leagues, Cardinals starter Miles Mikolas can become a free agent after the 2019 season due to language in his current two-year, $15.5 million contract. He is open to signing a contract extension with the Cardinals, Derrick Goold of the St. Louis Post-Dispatch reports.

Mikolas said, “It’s something that the Cardinals and my agency have to work out – if the numbers work out and everything turns out to be it’s absolutely something that could happen.” His agent, from Octagon, has had discussions with the Cardinals about a framework for an extension.

Mikolas, 30, spent the 2015-17 seasons pitching for the Yomiuri Giants in the Japan Central League. He had great results, which he was able to leverage into a contract back in the U.S. Last season, his first in the majors since 2014, he finished sixth in NL Cy Young balloting and earned a spot on the NL All-Star roster. The right-hander went 18-4 with a 2.83 ERA and a 146/29 K/BB ratio in 200 2/3 innings.

This coming season, Mikolas will be part of a starting rotation that also includes Carlos Martínez, Jack Flaherty, Michael Wacha, and Adam Wainwright.