Sources told the Post-Dispatch, as reported by Derrick Goold, that the Cardinals have reached a contract extension with veteran starter Miles Mikolas.
Miles Mikolas and #stlcards have reached agreement on a contract extension beyond 2023 and are set to announce it today, sources tell the Post-Dispatch. Details of the deal not yet available. More info to come @stltoday.— Derrick Goold (@dgoold) March 24, 2023
Details of the contract extension are not yet announced, but the Cardinals are expected to make a statement concerning the deal later today.
This is a developing story. We will update it as more information breaks.
Fox Sports is now reporting that the deal is for 2 years at $40M.
The St. Louis Cardinals and Miles Mikolas are in agreement on a 2-year, $40 million contract extension, per @JesseRogersESPN pic.twitter.com/vNuKvcby5h— FOX Sports: MLB (@MLBONFOX) March 24, 2023
And there is more to the details. Here’s more from Jesse Rogers
For those that like the breakdowns: Mikolas gets 5 mil in a signing bonus then 3 more added to his 2023 salary before two more years at $16 mil each.— Jesse Rogers (@JesseRogersESPN) March 24, 2023
Looks like I will have to update the payroll spreadsheet one more time!
Highlights of the press conference from Bally Sports:
Mozeliak on signing Mikolas to a two-year extension: "Here's someone who truly wanted to be a St. Louis Cardinal from Day 1. ... When someone wants to be here, we try to make that happen." #STLCards pic.twitter.com/qDY2ExA8IZ— Bally Sports Midwest (@BallySportsMW) March 24, 2023