By AP/KWMU
LAKE BUENA VISTA, Fla. – Cardinals' ace pitcher Chris Carpenter has agreed to a five-year contract that guarantees him at least $65 million. Carpetner, the National League's Cy Young Award winner in 2005, had been signed through 2007 as part of an agreement that called for a $7 million salary next year.
The Cardinals exercised his 2008 option at $9 million as part of the new agreement and added guaranteed years through 2011, plus a club option for 2012.
If the new option is exercised, the deal would be worth about $77 million.