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JimEdmonds15
12-04-2006, 06:26 PM
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

http://stlouis.cardinals.mlb.com/images/2006/10/24/xtoGyYcP.jpg

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/mlb/news/article.jsp?ymd=20061204&content_id=1750373&vkey=news_stl&fext=.jsp&c_id=stl

SABRSox
12-04-2006, 06:33 PM
That was a smart signing. Can't say I'm not jealous about that.

veeter
12-04-2006, 06:58 PM
See, the Cards are smart, THEY put big money into pitching.

samram
12-04-2006, 07:33 PM
Considering that Zito and Schmidt are looking for $13-$15 million (the Rangers supposedly offered 6/$102M for Zito), this is a very nice signing of a Cy Young caliber pitcher for the Cards.

jabrch
12-04-2006, 07:50 PM
Considering that Zito and Schmidt are looking for $13-$15 million (the Rangers supposedly offered 6/$102M for Zito), this is a very nice signing of a Cy Young caliber pitcher for the Cards.

He already had 2/15 left under control, so all this was in terms of an extension was 3/50. That's market value for a #1 starter, I guess, but not much of a discount.

champagne030
12-04-2006, 08:14 PM
He already had 2/15 left under control, so all this was in terms of an extension was 3/50. That's market value for a #1 starter, I guess, but not much of a discount.

Either way it's 5/65 and a good deal for the Cardinals. Sure, they had him at $7M this season and an option for $9M next, but do you really think he would've come back if they made him play it out? I'll bet the rate for a true ace is more than $16M after '08.

jabrch
12-05-2006, 12:23 AM
Either way it's 5/65 and a good deal for the Cardinals. Sure, they had him at $7M this season and an option for $9M next, but do you really think he would've come back if they made him play it out? I'll bet the rate for a true ace is more than $16M after '08.

If he stays healthy - its great. Since he had elbow reconstruction 3 years ago, you'd have to say there is some risk there. Nice signing - 3 years and $50mm, starting in 2009.

Flight #24
12-05-2006, 11:40 AM
:KW
"You paying attention, Mark & Freddy? $12-13M/yr is the going rate for an extension, come talk to me....whoever doesn't gets to go play for Hicks or big Stein!"

thomas35forever
12-06-2006, 12:47 AM
This is the first rational expensive deal I've heard during the offseason.

South Side Irish
12-06-2006, 09:07 PM
Considering that Zito and Schmidt are looking for $13-$15 million (the Rangers supposedly offered 6/$102M for Zito), this is a very nice signing of a Cy Young winning pitcher for the Cards.

I fixed that for you, Sam. :D:

Good signing. For the crazy money being thrown around, it's a great "deal." Sure, his elbow could go out, for for the sick pitcher he's been the last 2 1/2 years, almost winning a second Cy in a row, I'll take that risk.