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St. Louis Cardinals: Carlos Martinez Agrees To 5-Year Extention

According to Jon Heyman of FanRag Sports, the St. Louis Cardinals have an extension agreement in place with starting pitcher Carlos Martinez. Heyman also noted that the deal is a record for a first-time arbitration-eligible pitcher.

In 2016, Martinez went 16-9 with a 3.04 ERA, following a 2015 year, in which he went 14-7 with a 3.01 ERA. Martinez is no doubt the Cardinals next staff ace, with Adam Wainwright getting older.

This is great news for Cardinal Nation, after finding out earlier this week about the franchises’ punishment for the Astros hackgate. In which the Cardinals had to send $2M to Houston, and hand over their top two draft picks for this years amateur draft.

Signing an exciting future staff ace for $51M over five years appears to be a steal of a deal. In today’s market, a pitcher of Martinez’s caliber would come at a very high price. More than likely, there will be options and incentives in the deal that will be reported at a later date

Earlier this offseason, Redbird Daily staff writer Colin Garner, predicted that the Cardinals sign Martinez for around $10M per year. Congrats to Colin on the correct prediction.

It has also been reported that a couple of options are in the works.

Jenifer Langosch does an outstanding job with MLB and this news of a couple of option years makes this deal that much better. This could turn into a 7 year deal and eat into 5 years of Carlos Martinez’s free-agency. Martinez will be 25 for the majority of the 2017 season, so this deal could take him through his age 31 season if the two options are exercised.

With this deal, Michael Wacha becomes the last player not tendered a contract by the Cardinals for 2017. Wacha’s figure that his people put on the table was $3.2 million, while the club countered at $2.775 million. MLBTradeRumors projects an arbitration number of $3.2 million, thus a win for the player, which has already happened a couple of times this off-season.

To get the latest Cardinal news, stay tuned at The Redbird Daily.

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