8:28pm: The deal is in the $70-75MM range, Rosenthal tweets.
4:29pm: Both sides are "very optimistic" and terms are "all but finalized," Strauss tweets. The deal's average annual value would likely exceed $10MM, Strauss reports. Resolution is expected this week.
2:47pm: "We are making progress and hopefully we can work something out," Yadier Molina's agent Melvin Roman said to Ken Rosenthal of FOX Sports today, regarding contract extension talks for the Cardinals catcher. Rosenthal's sources say the Cards "likely are willing to give him a deal of four and possibly five years." The FOX writer expects a salary in the $10-12MM range.
On Friday, Joe Strauss of the St. Louis Post-Dispatch tweeted, "Movement on Molina is significant enough that a source familiar with the situation believes an agreement could be reached within a week." Earlier, Roman indicated Molina did not want to negotiate during the season, according to Strauss. The Cardinals open the season April 4th at the Marlins' new ballpark.