11:20pm: Goold has the contract details. As he mentioned before, Franklin gets about $6.5MM plus incentives for 2010-11. As for Miller:
The contract finalized Sunday picks up and guarantees all of his bonuses for this season — some $680K worth for appearances yet to come — and pays him $2MM for next year. Miller has a $2MM vesting option for 2011. It triggers a $1MM buyout if he makes 45 appearances in 2010 and does not go on the disabled list with the shoulder imperfection discovered in the physical.
2:40pm: The Cardinals extended the contracts of relievers Ryan Franklin and Trever Miller, according to Bernie Miklasz of the St. Louis Post-Dispatch (via Twitter). Franklin's deal runs through 2011, while Miller's is through 2010 with a vesting option for '11. Here's the press release from the Cardinals; terms are not yet known.
Franklin stepped into the Cardinals' closer role this year and saved 35 games in 37 tries. His 1.05 ERA is obviously not sustainable, as Franklin has been oddly unhittable and his flyballs have not left the yard. That said, it's hard to see fault in the two-year, $6.5MM price suggested by Derrick Goold of the P-D. Goold says Franklin can earn incentives if he remains the team's closer.
Lefty specialist Miller has answered the bell by holding southpaws to a .100/.161/.175 line this year. As a free agent signing in December, Miller was guaranteed only $500K by the Cardinals due to concerns they had about his shoulder.