Cardinals to announce a contract extension for Stephen Piscotty later today

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The Cardinals have announced a news conference for 2PM ET/1PM CT this afternoon. While they have not yet revealed the purpose of the presser, Ken Rosenthal reports that the club will use it to announce a contract extension for right fielder Stephen Piscotty.

Piscotty has played only one full season in the bigs and part of a second, but he has already established himself as the man who will man right in St. Louis for a long time. In 2016 he hit .273/.343/.457 with 22 homers and 85 driven in. In 2015 he hit .305/.359/.494 in 62 games.

Piscotty would not be eligible for arbitration until after the 2019 season and would not be eligible for free agency until after the 2022 season. That means he’ll get some money now without the uncertainty of the next few years. It also means, of course, that he will get a lot less money than if he were to remain healthy and effective and hit those milestones without a long term deal.

But such are the tradeoffs of every young player.

UPDATE: Piscotty will be guaranteed $33.5 million in his extension, which will likely be a six-year deal with a team option.

No lease extension, but O’s and governor tout partnership

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The Baltimore Orioles and Maryland Gov. Wes Moore announced a joint commitment to what they called a “multi-decade, public-private partnership” to revitalize the Camden Yards sports complex.

The statement from the team and the state’s new governor came Wednesday, the deadline for the Orioles to exercise a one-time, five-year extension to their lease at Camden Yards. The team was not planning to exercise that option, according to a person with knowledge of the decision. The person spoke to The Associated Press on condition of anonymity because the club hadn’t announced its decision.

With no extension, the lease is set to expire at the end of this year, but the team and the Maryland Stadium Authority can keep negotiating. Wednesday’s joint release seemed to be an attempt to calm any nerves in Baltimore about the team’s future.

“I am looking forward to continuing to collaborate with Governor Moore, his administration, and the Maryland Stadium Authority in order to bring to Baltimore the modern, sustainable, and electrifying sports and entertainment destination the state of Maryland deserves,” Orioles CEO John Angelos said.

“We greatly appreciate Governor Moore’s vision and commitment as we seize the tremendous opportunity to redefine the paradigm of what a Major League Baseball venue represents and thereby revitalize downtown Baltimore. It is my hope and expectation that, together with Governor Moore and the new members and new chairman of the MSA board, we can again fully realize the potential of Camden Yards to serve as a catalyst for Baltimore’s second renaissance.”

Republican Larry Hogan, the state’s previous governor, signed a bill last year increasing bond authorization for M&T Bank Stadium, home of the Baltimore Ravens, and Camden Yards. The measure allowed borrowing of up to $600 million for each stadium.

“When Camden Yards opened 30 years ago, the Baltimore Orioles revolutionized baseball and set the bar for the fan experience,” Moore, a Democrat, said Wednesday. “We share the commitment of the Orioles organization to ensuring that the team is playing in a world-class facility at Camden Yards for decades to come and are excited to advance our public-private partnership.”

Angelos recently reaffirmed that the Orioles would stay in Baltimore, although he dressed down a reporter who asked for more clarity on the future of the team’s ownership situation. Angelos was sued last year by his brother Lou, who claimed John Angelos seized control of the Orioles at his expense.