Cards-Penny deal done

INDIANAPOLIS — The Cardinals confirmed on Tuesday night that their signing of Brad Penny is official and finalized. Penny passed a physical exam in St. Louis on Tuesday and becomes the newest member of the Redbirds.
The right-hander agreed to a one-year contract worth $7.5 million guaranteed, plus incentive clauses that reportedly could take it to a total value of $9 million. The Cardinals agreed that if Penny is a Type A free agent following the 2010 season, they will not offer him arbitration.
Penny, 31, went a combined 11-9 with a 4.88 ERA for the Red Sox and Giants in 2009. He struggled greatly in Boston and was released, but came on strong at the end of the year with San Francisco. In six starts as a Giant, Penny was 4-1 with a 2.59 ERA.
For his career, Penny has a 105-84 record and a 4.14 ERA. He is a two-time All-Star and finished third in the Cy Young balloting in 2007 as a member of the Dodgers.

1 Comment

I rather like this deal. The amount isn’t exorbitant for a pitcher with Penny’s credentials (anyone who thinks Pineiro will sign for $7.5-9M on a one-year contract is under the influence of some joy juice I wish I had), and as Joe Sheehan at BP has pointed out, Penny is exactly the kind of pitcher that LaDuncan has had success with. Intrinsically, he probably has better stuff than Pineiro, despite the bad half season in Boston. The opportunities for success are all there. And if he’s a Type A at the end of the year, and therefore is not offered arbitration, well, that means he had a very strong season. I’ll honestly miss Pineiro, but this looks to me like at least an even match (Pineiro isn’t going to be as good in 2010 as he was in 2009), and possibly an upgrade. Now on to the Holliday hunt…

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