The Cardinals just signed Chris Carpenter to a contract extension, reaching agreement on a deal that will pay him $65 mil through 2011, with a club option for 2012 worth $12 mil. Initially sounds like a good idea - $13 mil per season for arguably the top starting pitcher in the NL.
Upon further review, what were they thinking? They already had him under contract for this season at $7 mil and next season for $8 mil. So basically this deal amounts to adding three years to the deal for an additional $50 million, or just shy of $17 mil per year. Carpenter is nasty, but they have him under control already for his age 32 and 33 seasons. Why give him an extension that will pay him 17 mil for his 34-36 seasons before you see if he stays healthy at least through this season?
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