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.