j_d_mcnugent wrote:minor correction - cards hold an option on chris carpenterST. LOUIS -- Chris Carpenter, who hasn't pitched in the major leagues since 2001, agreed Monday to a one-year contract with the St. Louis Cardinals.
Cardinals general manager Walt Jocketty said Carpenter had been given a "clean bill of health for next season."
Carpenter, 28, last pitched for Toronto in 2001, when he went 4-5 with a 5.28 ERA. He missed the 2002 season after surgery for elbow tendinitis. He made eight rehab starts last season before an operation to remove scar tissue from his shoulder.
The Cardinals declined a $2 million option on Carpenter in October, instead giving him a $200,000 buyout.
His new deal calls for a 2004 salary of $300,000, the major league minimum, but his base pay would rise to $500,000 if he is added to the active roster. St. Louis has a $2 million option for 2005 with a $200,000 buyout.
Carpenter can earn an additional $500,000 next year: $50,000 for 10 starts, $100,000 for 20 starts, $150,000 for 30 starts and $200,000 for 34 starts. He can make an additional $2.55 million in 2005: $300,000 for 10 starts, $400,000 for 20 starts, $450,000 for 25 starts, $500,000 for 30 starts and $550,000 for 34 starts.
Actually, I read that as the Cards declined his option, but resigned him for less than what the option was worth (option was $2 million, but he signed for $300K plus incentive bonuses).
Either way, he's no longer a free agent. Off to update!