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Report: Cardinals sign Yadier Molina to a three-year extension

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Ken Rosenthal of FOX Sports reported on Thursday evening that the Cardinals and catcher Yadier Molina were in the process of finalizing a three-year contract extension. Jon Heyman of FanRag Sports confirmed that the deal was finalized. Rosenthal later added that the deal would be between $55-65 million.

This comes as no surprise as the two sides were reportedly making “major progress” on a contract extension on Monday. Molina was in the last year of a five-year, $75 million contract that included a mutual option for the 2018 season worth $15 million. Derrick Goold of the St. Louis Post-Dispatch reported on Monday that Molina felt there were “too many catchers making more money.”

Molina, 34, hit a productive .307/.360/.427 with 38 doubles and eight home runs with 58 RBI and 56 runs scored over 581 plate appearances last season. Despite his age, Molina’s defense still receives high marks and he remains well-regarded for his ability to call games and handle his pitching staff. This contract will presumably cover the 2018-20 seasons, meaning the seven-time All-Star and eight-time Gold Glove Award-winner will be 38 years old when the contract is expiring.

Padres to place Franchy Cordero on DL, activate Hunter Renfroe

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Kevin Acee of the San Diego Union-Tribune reports that the Padres will place outfielder Franchy Cordero on the 10-day disabled list and activate outfielder Hunter Renfroe from the DL on Monday.

Cordero, 23, has been slumping, batting .140 with four extra-base hits in 47 plate appearances dating back to May 11. The Padres noticed that the forearm issue has been affecting his swing in recent games. Manager Andy Green said, “It was something where he could swing a certain way to manage it. But swinging that way was not him.”

Renfroe, 26, has been out since mid-April due to inflammation in his right elbow. He hit .200/.281/.440 in 57 PA prior to landing on the disabled list. Renfroe played in 10 rehab games with Triple-A El Paso.