The Cardinals announced that they signed Jaime Garcia to a four-year deal with two club options, according to the Associated Press (via ESPN). Jon Heyman of SI.com reports that the deal is worth $27.5MM in guaranteed money (Twitter link). Michael Golde of KTRS 550 AM first tweeted a rumor of the Garcia extension last Thursday, with the contract details included.
Garcia, 25, is enjoying another fine season with a 3.22 ERA, 7.7 K/9, 2.5 BB/9, 0.6 HR/9, and 54.5% groundball rate in 117 1/3 innings. He was set to become arbitration eligible for the first time after the season, so it appears that the contract covers his three arbitration years (2012-14) and his first free agent year, with options on two additional free agent years. Garcia is represented by Melvin Roman of MDR Sports Management, having made a change this year.
The deal falls a bit short of the contracts earlier this year for Clay Buchholz and Trevor Cahill, which also featured a pair of club options. Keep in mind that Garcia's first-year arbitration earning power would have been limited by time missed due to '09 Tommy John surgery.