Source: The Associated PressThe Cardinals have extended Chris Carpenter through 2011 with a club option for 2012. The deal is worth about $65 million.
Carpenter had been signed at $7 million for 2007 with an $8 million option for 2008. The Cardinals will now pay him $9 million in 2008 as part of the new agreement and added three guaranteed years plus a club option for 2012. If the new option is exercised, the deal would be worth about $77 million.
Source: RotoWorldCardinals agreed to terms with RHP Chris Carpenter on a five-year, $65 million contract with a club option for 2012.
Even in this market, we don't like it. The Cardinals already had Carpenter under control for $15 million over the next two years, so they're essentially paying $50 million for the following three years. Now, if he keeps pitching like this, he's definitely worth that kind of cash. However, two years is an awful long time, especially for someone with a history of shoulder troubles. Giving him this kind of extension now is a terribly risky move.