Matt Holliday has officially signed what will surely be the biggest contract of the 2009-10 offseason. It's a seven-year, $120MM deal with a full no-trade clause. Holliday's vesting option for 2017 would be worth $17MM if he finishes in the top-10 in MVP voting in 2016; if the option doesn't vest, the Cards will owe Holliday a $1MM buyout.
ESPN's Buster Olney wrote Monday that the two sides were close to a possible seven-year deal and SI.com's Jon Heyman first reported that the Cardinals and Holliday had agreed to a deal. Heyman (via Twitter) and Matthew Leach of MLB.com delivered the specifics later.
Holliday, who will keep getting paid under this contract until he's 49, will be 36 in the last guaranteed year of the deal. By comparison, Jason Bay will be 34 in the last year of his deal, one that guarantees him $54MM less than the one Holliday signed.
Holliday falls short of the $18MM average salary he reportedly sought, but this contract is a huge win for Boras given the lack of competition. Click here to check out others' reactions to the deal.
Ben Nicholson-Smith contributed to this post.