3:30pm: Rains' full article on the situation is posted at FOXSportsMidwest.com. While there doesn't seem to be a deadline on talks, Molina did say that like most players, he prefers to focus on the game during the season rather than his contract. He also shot down the idea of offering St. Louis a hometown discount:
"I don't know about that,” Molina said. "Like I always say, I like the town and I like the city, but at the same time, I have to think about my family. You have to worry about your family like they worry about the team. This is business. If I get good money, I'll take it. If not, I'll go away.”
2:37pm: Yadier Molina spoke very candidly about his contract situation today, according to B.J. Rains of FOX Sports Midwest, who reports that he and the Cardinals have put extension talks on hold for the time being. Rains notes that Molina said he's still willing to re-open negotiations (Twitter links).
The Cards picked up Molina's $7MM option shortly after their World Series victory, ensuring that the youngest Molina brother would be in St. Louis for at least one more season. MLBTR's Mark Polishuk recently identified Yadi as an extension candidate, concluding that he could fetch a four- or five-year deal with an average annual value in excess of $10MM on the open market.
A fourth round draft pick of St. Louis back in 2000, the Puerto Rico native has spent his entire career with the Cardinals. Molina signed a four-year deal worth $15.5MM prior to the 2008 season. That value has escalated to a total of $22.85MM over five years after his option was exercised and he picked up $350K in bonuses for his four Gold Gloves and three All-Star selections.
The 29-year-old enjoyed a career year last season when he hit .305/.349/.465 (career highs in average and slugging) and also added career highs in homers (14), doubles (32), and RBI (65).
Thanks to Cot's Baseball Contracts for details on Molina's contract bonuses.