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Carpenter and Cardinals agree to new five-year contract


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LAKE BUENA VISTA, Fla. ? (AP) ? Chris Carpenter and the St. Louis Cardinals agreed Monday to a five-year contract that guarantees the 2005 NL Cy Young Award winner about $65 million.

 

Carpenter had been signed through 2007 as part of an agreement that called for a $7 million salary next year. The Cardinals exercised his 2008 option at $9 million as part of the new agreement and added guaranteed years for 2009, 2010 and 2011 plus a club option for 2012. If the new option is exercised, the deal would be worth about $77 million.

 

 

not a bad rate for a cy-young winner 2 years ago and top finisher this year....7M per year is cheap compared to what Zito and Schmidt might get

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12/04/2006 5:46 PM ET

Cards to keep Carpenter through 2011

Club locks in ace with five-year extension, option for 2012

By Matthew Leach / MLB.com

 

 

 

LAKE BUENA VISTA, Fla. -- No team in baseball will sign a better pitcher at this week's Winter Meetings than the Cardinals signed on Monday. St. Louis announced a contract extension with ace Chris Carpenter that will keep the right-hander around through at least 2011.

 

Carpenter had been under contract through 2007, with a club option for 2008. The new deal guarantees all of his performance incentives in 2007, exercises his option for 2008 and secures 2009, 2010 and 2011 as well. The deal is reportedly worth $65 million in guarantees, and could go to $77 million if the 2012 option kicks in.

 

"It's a nice feeling at any time when you have security in your job," Carpenter said. "Me and my family love it here. We've enjoyed the last three years, and we're looking forward to five more great years. It's a good feeling to know that you have people that believe in you that much to invest what they've invested in me to have me around."

 

Carpenter, 31, went 15-8 with a 3.09 ERA for St. Louis in 2006, finishing third in the Cy Young balloting. He won the award in 2005 after posting 21 wins.

 

Over three years as a Cardinal, Carpenter is 51-18 with a 3.10 ERA, 13 complete games, seven shutouts and a strikeout-to-walk ratio of better than 4:1. He's a two-time All-Star who is 4-1 with a 2.53 ERA in eight career postseason starts.

 

In a market that has gone on tilt for pitchers, Carpenter's signing actually may represent a relative bargain. Astros ace Roy Oswalt recently re-upped for five years and $73 million, while reports indicate that A's lefty Barry Zito may weigh six-year offers before the winter is out.

 

http://stlouis.cardinals.mlb.com/NASApp/ml...sp&c_id=stl

 

Bravo :arms

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LAKE BUENA VISTA, Fla. ? (AP) ? Chris Carpenter and the St. Louis Cardinals agreed Monday to a five-year contract that guarantees the 2005 NL Cy Young Award winner about $65 million.

 

Carpenter had been signed through 2007 as part of an agreement that called for a $7 million salary next year. The Cardinals exercised his 2008 option at $9 million as part of the new agreement and added guaranteed years for 2009, 2010 and 2011 plus a club option for 2012. If the new option is exercised, the deal would be worth about $77 million.

 

 

not a bad rate for a cy-young winner 2 years ago and top finisher this year....7M per year is cheap compared to what Zito and Schmidt might get

 

Might want to check your math there...it's $13 million per season, prorated, not $7.

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